03. Jul 2014

BayWa r.e. to Begin Solar Project Business in the Americas

With the acquisition of the development and operating of the assets of Martifer Solar USA, Inc., BayWa r.e. continues the expansion its renewable energy portfolio in the US and LATAM. BayWa r.e. has been operating in the US since 2005 through its Supply and Wind businesses. Matthias Taft, Chairman of the BayWa r.e. Management Board, commented: "With this strategic acquisition, we've found the ideal partner to further our PV project activities in the Americas. There's a large and growing market for renewables in Americas, with a wide range of project types boasting high yields. We look forward to the Americas team adding to our large and growing global platform."