Energy Infrastructure Partners will invest in BayWa with a capital increase of €30 million. The deal will result in a shareholding of 49 percent and will produce substantial value in the renewable energy sector.
The transaction, signed in Munich, will allow a consortium of investors advised by Energy Infrastructure Partners (EIP), including the Bayern Insurance Chamber, to participate in BayWa’s global renewables platform. BayWa has a photovoltaic and onshore wind pipeline of more more than 13 GW, which is diversified across more than 20 countries worldwide. Partnering with EIP will allow an accelerated build-up of BayWa’s global and technologically diversified renewables platform.
Apart from maintaining a focus on effective project growth, services and solutions sector, the strategic transformation of BayWa into an independent power producer (IPP) with an initial target capacity of 3 GW by 2028 is the first step towards capitalizing on the full potential of the platform. The partners envisage the deployment of additional resources over time in order to substantially expand the ownership of the renewable asset base.
“Our excellent relationship with BayWa as the majority partner, the impressive performance of BayWa r.e.’s management team and our proven record in large-scale renewable investments will allow us to jointly build out and develop this platform in the years to come. The strategic progression will enable institutional investors to profit from stable cash flows while accessing a renewable power generation portfolio of significant size.”Roland Dörig, managing partner at EIP.
“We are pleased about this unique opportunity to participate in a large-scale global renewable platform.”Tim Marahrens, co-head origination and transactions at EIP.