BayWa To Offload International Solar Trading Business

• BayWa has announced it is looking for a suitable buyer for its international Solar Trade business
• Says Solar Trade business has potential to increase annual sales of solar modules and inverters to over 10 GW
• Proceeds from the sale will be reallocated to boost the project development business of BayWa r.e.

Germany based diversified business entity BayWa Group has announced a strategic decision to sell its international solar trading business called Solar Trade with the view to raising capital for project business and is looking for a suitable buyer. Operated by the group's renewable energy subsidiary BayWa re, the solar distribution business is of the leading in the world.

BayWa plans to triple the volume of its current project business by 2026 and expand the independent power producer (IPP) portfolio to 3 GW. Proceeds from this divestment of the solar trading business will be reallocated to achieving these strategic objectives, the management stated.

According to the management, with its global network of over 20 distribution companies managed by over 1,400 employees, Solar Trade can increase annual sales of solar modules and inverters to over 10 GW thanks to growing potential for solar across various markets.

Co-Founder and Managing Partner of Energy Infrastructure Partners (EIP) AG, Roland Dörig said, "The high degree of momentum in the market in recent years, combined with Solar Trade's success and position as a market leader, should make this an extremely attractive prospect for potential buyers."