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July 7, 2021

BayWa Re acquires German wind energy developer NWind

Following this acquisition, BayWa Re has a wind project pipeline of almost 2.5GW in development in Germany.

By Umesh Ellichipuram

Germany-based renewable energy company BayWa Re has acquired wind energy developer NWind for an undisclosed sum.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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With the transaction, BayWa Re has acquired a portfolio of almost 700MW and 60 wind projects.

The deal will allow the company to bolster its presence in its home market, especially in Germany’s northern region, and make use of NWind ’s experience and expertise.

NWind managing director Nils Niescken said: “We’re thrilled to start this new chapter together with BayWa Re.

“Tenders, direct marketing, power purchase agreements – the German wind industry and market is constantly evolving.

“By combining our local focus and knowledge with BayWa Re’s own extensive capabilities, we will be able to successfully implement this significant project pipeline and be fully prepared for further evolutions in the German wind and electricity markets.”

With this acquisition, the company now has a wind project pipeline of almost 2.5GW in development in Germany.

BayWa Re Wind managing director Rainer Heyduck said: “The acquisition of NWind fits perfectly with our development strategy in Germany.

“To meet renewable generation and emission reduction targets, the German wind market is poised for further growth during the coming years.

“With the acquisition of NWind , we are ideally positioned to accelerate the growth of our already successful wind projects business.

“We are very pleased to welcome the NWind team to our family.”

NWind has been active in the German wind energy sector for more than 20 years and claims to have local market expertise.

In January, BayWa Re sold four German wind farms with a combined capacity of 53MW to Encavis Infrastructure Fund II.

The wind farms involved in the deal were Haltern-Sythen, Finkenbach-Gersweiler, Bedesbach and Bruchwald.

In May, BayWa Re acquired French wind and solar project developer Enerpole for an undisclosed amount.

The acquisition added a project portfolio of 600MW, including 300MW of solar and 300MW of wind capacity, to BayWa Re’s portfolio.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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