February 19 (Renewables Now) - BayWa r.e. renewable energy GmbH unveiled last week plans to increase its presence in Spain and Portugal and invest in the Iberian wind and solar market.
The renewables unit of German diversified group BayWa AG (ETR:BYW6) began operations in Spain as BayWa r.e. Espana in 2010. In early 2019, the Spanish office has added two new managing directors - Tomas Garcia, who will lead wind and solar projects, and Daniel Roca, who will be in charge of growing the solar wholesale business.
“Driven by the long-term attractiveness of solar and wind markets, independent of subsidies, BayWa r.e. is now decisively investing in Iberia”, BayWa r.e. Espana SLU managing director Claus Bunermann said.
BayWa r.e.’s plans include increasing the presence in Barcelona, opening a new office in Madrid, as well as developing what the company identified as key areas: services, energy solutions, solar trade and projects.
In addition, it also plans to work on utility-scale solar and wind projects, building upon the success of the 175 MWp Don Rodrigo subsidy-free solar plant. Don Rodrigo, BayWa r.e.’s largest solar project, was sold to asset manager MEAG for an undisclosed sum late last year.
The company has built solar and wind projects totalling over 130 MW in Spain. It operates around 335 MW of renewable assets.