Home Energy system BayWa RE acquires a German portfolio of 700 MW – reNews

BayWa RE acquires a German portfolio of 700 MW – reNews

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BayWa RE acquired German wind developer NWind, comprising a 700 MW portfolio of 60 wind projects.

With this new addition, BayWa RE has a pipeline of 2.5 GW wind projects under development in Germany.

General manager Rainer Heyduck said: “The acquisition of NWind fits perfectly with our development strategy in Germany.

“To meet the targets for renewable energy production and emission reductions, the German wind market is poised for further growth over the next few years.

“With the acquisition of NWind, we are uniquely positioned to accelerate the growth of our already successful wind projects business.

“We are very happy to welcome the NWind team to the BayWa RE family.

“By helping to meet the challenges of the development of onshore wind power in Germany and to advance the energy transition, as one of the main players in the market, the additional projects and the local presence brought by the team s’ will prove to be very valuable. “

NWind has been active in the German wind energy industry for over 20 years and is known for its strong regional roots and local market expertise.

This will allow BayWa RE to significantly strengthen its presence in the north of the country, as well as bring extensive experience and expertise on board.

NWind CEO Nils Niescken said: “We are delighted to start this new chapter with BayWa RE Tenders, direct marketing, power purchase agreements – the German wind industry and market is constantly evolving.

“By combining our focus and local knowledge with the extensive capabilities of BayWa RE, we will be able to successfully implement this important portfolio of projects and be fully prepared for further developments in the German wind and power markets. “

In May, the German government agreed to stricter climate targets and is now aiming for a 65% reduction in carbon emissions by 2030 – up from 55% – and carbon neutrality by 2045, five years earlier than the initial target of 2050.

Getting more renewable energy projects online, and much faster, will play a key role in achieving these goals.

Rainer added: “Especially in terms of political changes, 2021 and the rest of this decade will be decisive for the transformation of the German energy systemustainam towards a sble future, and we are ready to make our contribution.

“Besides political support, engaging with citizens and communities and being an integral part of the transition is essential for the successful development of wind projects in Germany.

“To achieve this, we are fully committed to establishing models of participation for citizens and communities.

“It is only when everyone works together that we will make this decade the success it needs to be for the global energy transition and a greener future.”

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