BayWa Sets Up New Subsidiary Novotegra GmbH

BayWa Consolidates Solar PV Mounting System Manufacturing Activities Under Novotegra GmbH To Be Headed By Thomas Pfaff

BayWa Sets Up New Subsidiary Novotegra GmbH

BayWa said novotegra GmbH brings all of its PV mounting manufacturing activities under one umbrella, and enable it to offer improved services while expanding its activities across Europe. (Photo Credit: BayWa r.e. renewable energy GmbH)

  • BayWa has announced the official launch of a new subsidiary calling it novotegra GmbH
  • It will bring all of the group’s solar PV mounting system manufacturing activities under a single brand
  • Headed by Thomas Pfaff, novotegra GmbH will take over manufacturing and sales activities from BayWa r.e. Solar Energy Systems

German renewable energy company BayWa r.e. renewable energy GmbH has consolidated all its solar PV mounting system manufacturing activities under a single brand called novotegra GmbH. The new independent mounting system manufacturer novotegra GmbH will take over the manufacturing and sales activities from another group company BayWa r.e. Solar Energy Systems GmbH, under its wing.

BayWa has been producing its own mounting systems since 1999, it informs, that were marketed under the brand name tegra, only to be changed to alutegra and finally to novotegra in 2007. The new entity novotegra GmbH based out of southern German city Tübingen will be headed by the Head of Product Management at novotegra, Thomas Pfaff.

Under the new company, BayWa said it will be able to offer improved services while expanding its activities across Europe, whereas sales across the continent will continue to be handled by the group’s wholesale subsidiaries.

“We expect this repositioning to lead to a faster development time for new products and even better customer support,” said Global Director of Solar Trade at BayWa r.e. Frank Jessel.

BayWa r.e. is currently in a restructuring phase. In Dec. 2020, BayWa AG group of Germany has sold a big minority stake in its renewable energy subsidiary BayWa r.e. renewable energy GmbH bringing in Energy Infrastructure Partners (EIP) as the new owner of a 49% share in the company. BayWa continues to hold a majority 51% stake. With this investment, BayWa r.e. converts into an Aktiengesellschaft or stock corporation under German law to be headed by Matthias Taft as the new CEO. Taft has been in charge of the Energy segment at BayWa and a member of the BayWa AG Board of Management (see BayWa Sells 49% Stake In Renewable Energy Subsidiary).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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