BayWa r.e. enters the Italian energy trading market
The new Italian trading subsidiary BayWa r.e. Clean Energy S.r.I., founded at the end of 2018 and based in Milan, has secured its first direct marketing agreements for 2019, in excess of 70 plants and an installed capacity of 150 megawatts.
“Our business model is to aggregate and market green energy from renewable energy farms via our virtual power plant and to minimize the producer’s risks and volatility of revenue. Our integrated services solution is the perfect answer to customers who want to have both the best results and the highest reliability”, said Cosimo Lena, Head of BayWa r.e. Clean Energy S.r.I.
The Italian trading subsidiary benefits greatly from the existing knowhow and trading infrastructure of the inter-national BayWa r.e group and from a local team with an extensive and outstanding experience on the Italian energy market.
"The Italian energy sector is an exciting, growing market for BayWa r.e., and renewables are playing an increas-ingly important role there. Different legal entities of our group are already active in Italy, developing, managing and maintaining wind and solar projects across the country”, said Jens Eberlein, Head of Energy Trading at BayWa r.e.. Eberlein added: “Thanks to the new trading subsidiary, BayWa r.e. is now able to provide the most efficient and up-to-date services along the renewable energy value chain. Direct marketing represents the final missing link to complete our renewable energy proposition in Italy and to offer our clients to a 360° support for performance optimization.”
BayWa r.e. Clean Energy S.r.I. intends to further use the knowhow and global experience of the BayWa r.e. group to play a pioneering role in the Italian market for power purchase agreements (PPAs). With a long-term PPA between the plant operator and the consumer in place, it is possible to construct and begin operating a renewable power plant without the help of state subsi-dies.
BayWa r.e employs more than 160 people in Italy. A leading Operations and Maintenance services provider, BayWa r.e. currently manages renewable energy assets in Italy with a combined output of more than 1.3 giga-watts. The company continues to develop a range of wind and solar projects and build on its PV component trading business – a segment in which BayWa r.e. is one of the world's leading wholesalers.