BayWa r.e. enters Italian energy trading market
“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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