BayWa r.e. enters Italian energy trading market

2/1/19, 11:01 AM -

The new Italian trading subsidiary of BayWa r.e. Clean Energy, founded at the end of 2018, has secured its first direct marketing agreements for 2019, in excess of 70 plants and an installed capacity of 200 megawatts with a share of 50% solar and wind.

BayWa r.e. is expanding in Italy. The company already currently manages renewable energy assets in Italy with a combined output of more than 1.3 gigawatts.
BayWa r.e. is expanding in Italy. The company already currently manages renewable energy assets in Italy with a combined output of more than 1.3 gigawatts.

“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”, 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 international BayWa r.e group and from an experienced local team according to Lena.

Promising Italian market - growing role of PPAs

"The Italian energy sector is an exciting, growing market for BayWa r.e., and renewables are playing an increasingly 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.

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 subsidies.

Renewable energy assets of more than 1.3 gigawatts 

BayWa r.e employs more than 160 people in Italy.  BayWa r.e. currently manages renewable energy assets in Italy with a combined output of more than 1.3 gigawatts. The company continues to develop a range of wind and solar projects and build on its PV component trading business. (HCN)

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More useful information

https://www.pveurope.eu/News/Markets-Money/New-incentives-for-PV-in-Italy

https://www.pveurope.eu/News/Markets-Money/How-PPAs-are-driving-an-evolution-of-Italy-s-PV-market

https://www.pveurope.eu/News/Markets-Money/BayWa-r.e.-takes-over-Italian-O-M-service-provider-with-a-portfolio-of-270-megawatts