BayWa r.e. has secured a €3 billion comprehensive refinancing package with bank loans, shareholder loans and guarantees
There has been no change in its ownership, with BayWa AG and EIP continuing to hold their 51% and 49% stakes, respectively
BayWa r.e. is firm on the plan to offload solar trading business in the medium term, while continuing its focus on renewable energy development & IPP business
German renewable energy projects developer BayWa r.e. has secured a major financial boost with around €3 billion ($3.5 billion) in a comprehensive refinancing package. The deal that extends support for the company until mid-2029 strengthens the company’s financial position amid recent market challenges and internal pressures.
The amount also includes the €435 million ($510 million) funding it announced in March 2025. BayWa was helped by its existing shareholders and financing partners to lock the deal that comprises bank loans, shareholder loans, and operational guarantees.
BayWa AG had previously been planning to transfer its stake in its renewable energy subsidiary to an investment management company to achieve operational separation and deconsolidation. Its decision followed difficult market conditions for the renewable energy market in Europe, especially overcapacity in the PV space and resultant drop in module prices.
EIP had also been aiming to raise its shareholding from 49% to 65% with a €150 million investment, but the deal was never finalized (see BayWa’s Deal With Energy Infrastructure Partners Falls Through).
While it does not reveal details of the transaction, BayWa r.e. said that there is no change to its shareholding. Its parent, BayWa AG, continues to hold a 51% majority stake in the company, while Energy Infrastructure Partners (EIP) stays put as a 49% stakeholder.
Although solar trading continues to be a part of its portfolio for now, BayWa r.e. still expects to sell it in the medium term. Till then, it will continue to focus on the planning, development, and construction of wind, solar and battery storage facilities, its independent power producer (IPP) business, operations and maintenance of assets, and energy trading.
“With this important milestone, we are entering the next phase of our business development from a position of financial and strategic strength, with a clear framework in place for our operational initiatives and pipeline expansion,” said BayWa r.e.’s CRO, Hans-Joachim Ziems.
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