BayWa r.e. acquires service business of Deutsche Immobilien Leasing GmbH
On 1 April, BayWa r.e. acquired the service business for renewable energies of Deutsche Immobilien Leasing GmbH, a wholly owned subsidiary of Deutsche Bank AG.
The acquisition relates to 50 contracts for providing mainly commercial services to renewable energy plants. The team of six staff in Düsseldorf are also included in the acquisition, as the long-term intention is for this location to be expanded.
The team in Düsseldorf currently looks after projects with a total output of approx. 300 MW. With this acquisition, the total output of such plants for which BayWa r.e. is responsible, has increased to a rated output of around 900 MW. In total, BayWa r.e. is currently contracted to provide various commercial and/or technical services in Europe and the USA to wind, solar and biogas plants with an output of around 2 gigawatt.
BayWa r.e. renewable energy GmbH (BayWa r.e.):
BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, is responsible for the BayWa Group's renewable energy business. BayWa r.e. was founded in 2009 and is based in Munich. It acts as a holding company for various business interests in the areas of solar energy, wind power, bio-energy and geothermal energy.
BayWa r.e.'s business activities range from project development and realisation to PV trade and consultation services. The company covers the entire spectrum of technical plant support services, including maintenance. It can also undertake the commercial operations management of plants. The range of services further includes energy trading of electricity from renewable sources, trading in biomethane, as well as the sale of green electricity and eco gas to private and commercial customers. The company has an international focus with its core markets in Europe and the USA.
BayWa AG, also based in Munich, is a listed trading company with an international focus. Core business sectors include agriculture, energy and construction.