BayWa r.e. implements comprehensive financing package
BayWa r.e. has concluded a comprehensive refinancing package with its shareholders and financing partners, securing funding until the middle of 2029. The agreement, totalling around €3 billion, includes bank loans, shareholder loans and operational guarantees. It also includes the additional €435 million in funding announced in March. This provides a solid financial foundation for a successful transformation in the coming years.
“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”, says BayWa r.e.’s CRO Hans-Joachim Ziems.
The successful financing secured for the years ahead underscores the confidence and commitment of both shareholders and financial partners in BayWa r.e.’s future business model. BayWa AG continues to hold a 51% majority stake in BayWa r.e., while Energy Infrastructure Partners (EIP), as a dedicated partner with a 49% stake, contributes its industry-specific expertise.
Thanks to this financing package, BayWa r.e. is well positioned to focus on the continued development of its operational business and to secure its position as a leading Independent Power Producer (IPP). This includes the planning, development and construction of projects in wind, solar and battery storage, the operation and maintenance of such assets, as well as energy trading.
BayWa r.e. will continue to operate globally, with a strategic focus on renewable energy markets that offer both stable regulatory frameworks and strong growth potential. As previously communicated, the solar trading business is expected to be sold in the medium term. Until then, it remains an important strategic pillar alongside the company’s core business.