BayWa r.e sells 42 MW Lacedonia wind farm in Italy

to overview

BayWa r.e. has sold its stake in the 41.7 MW Lacedonia wind farm in the Campania region of Italy, to developer NISIDA.

BayWa r.e. bought a 65 percent share in the project in 2014, to help realise the wind farm for the family owned developer. BayWa r.e. provided the equity, managed its construction and bankability and has been providing ongoing operation management since completion in December 2015.

Speaking of the sale Lorenzo Palombi, Managing Director of BayWa r.e. Italia Srl, said: “One of the most critical aspects of developing any renewable energy project is bringing together the financing. Thanks to our strong financial standing and track record in development and operations, we were able to provide the investment and expertise needed to realise the Lacedonia project and to tailor the structure of the transaction to the special requirements of the Joint venture partner.

“We often partner with smaller developers, who otherwise may struggle to bring projects forward, and are pleased to sell our shareholding back to NISIDA.”

Alessandra Toschi, also Managing Director of BayWa r.e. Italia Srl, commented: “In this transaction we also developed and acquired all necessary land rights. We built 20 km of HV lines and a substation in order to meet the tariff deadline, and successfully transferred this to the grid operator, Terna”.

Since the project was completed, BayWa r.e.’s services team has provided ongoing operation management, and will continue to do so to ensure consistently high yields. BayWa r.e. recently became the largest independent service provider in Italy following its acquisition of Energy Systems Services (ESS).

The Lacedonia wind farm is BayWa r.e.’s latest sale in Italy. It follows the sale of two other wind farms in 2017, with a combined total capacity of nearly 30 MW.

Axel Veeser, Head of Wind Energy Projects for BayWa r.e., said: “Italy is an important and growing market for us, not just in wind but in all types of renewable energy. We have over 150 employees in the country, are developing new wind and solar projects as well as providing expert operation and management services.

“We bring expertise, creativity and a knowledge base that’s built on the experience of successfully developing over 2,000 MW of renewable energy projects and managing 3,000 MW of assets globally.”

BayWa r.e. has recently started construction on two additional wind projects in Italy with 70 MW capacity. Besides this, BayWa r.e. in Italy is also working on a number of wind and solar project developments and is a market leader in the PV component trading business, where it is one of the world’s largest wholesalers.

to overview
Felix Gmelin
Communication Manager
BayWa r.e. renewable energy GmbH

You selected Australia. You are now being forwarded to the Australian website.

Switch Cancel

You selected Cambodia. The Cambodian business is being managed by our Thai subsidiary. You are now being forwarded to the English version of the Thai website.

Switch Cancel

You selected Canada. You are now being forwarded to the Canadian website.

Switch Cancel

You selected Denmark. The Danish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected Finland. The Finnish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected France. The French business is being managed by our Luxembourgish subsidiary. You are now being forwarded to the English version of the Luxembourgish website.

Switch Cancel

You selected Germany. You are now being forwarded to the German website.

Switch Cancel

You selected Indonesia. The Indonesian business is being managed by our Thai subsidiary. You are now being forwarded to English version of the Thai website.

Switch Cancel

You selected Italy. You are now being forwarded to the Italian website.

Switch Cancel

You selected Laos. The Laothian business is being managed by our Thai subsidiary. You are now being forwarded to English version of the Thai website.

Switch Cancel

You selected Luxembourg. You are now being forwarded to the Luxembourgish website.

Switch Cancel

You selected Malaysia. The Malaysian business is being managed by our Thai subsidiary. You are now being forwarded to the English version of the Thai website.

Switch Cancel

You selected Mexico. You are now being forwarded to the Mexican website.

Switch Cancel

You selected Norway. The Norwegian business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

Our Philippines sales office is located in Makati, please feel free to reach out. You are now being forwarded to our central South East Asia website.

Switch Cancel

You selected Poland. The Polish business is being managed by our German subsidiary. You are now being forwarded to the Polish version of the German website.

Switch Cancel

You selected Spain. You are now being forwarded to the Spanish website.

Switch Cancel

You selected Sweden. The Swedish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected Switzerland. You´re going to be forwarded to the Swiss website.

Switch Cancel

You selected Thailand. You are now being forwarded to the Thai website.

Switch Cancel

You selected the Netherlands. The Dutch business is being managed by our Luxembourgish subsidiary. You are now being forwarded to the Luxembourgish website.

Switch Cancel

You selected the USA. You are now being forwarded to the US website.

Switch Cancel

You selected Vietnam. The Vietnamese business is being managed by our Thai subsidiary. You are now being forwarded to the Thai website.

Switch Cancel

You selected Australia. You are now being forwarded to the Australian website.

Switch Cancel

You selected Cambodia. The Cambodian business is being managed by our Thai subsidiary. You are now being forwarded to the English version of the Thai website.

Switch Cancel

You selected Canada. You are now being forwarded to the Canadian website.

Switch Cancel

You selected Denmark. The Danish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected Finland. The Finnish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected France. The French business is being managed by our Luxembourgish subsidiary. You are now being forwarded to the English version of the Luxembourgish website.

Switch Cancel

You selected Germany. You are now being forwarded to the German website.

Switch Cancel

You selected Indonesia. The Indonesian business is being managed by our Thai subsidiary. You are now being forwarded to English version of the Thai website.

Switch Cancel

You selected Italy. You are now being forwarded to the Italian website.

Switch Cancel

You selected Laos. The Laothian business is being managed by our Thai subsidiary. You are now being forwarded to English version of the Thai website.

Switch Cancel

You selected Luxembourg. You are now being forwarded to the Luxembourgish website.

Switch Cancel

You selected Malaysia. The Malaysian business is being managed by our Thai subsidiary. You are now being forwarded to the English version of the Thai website.

Switch Cancel

You selected Mexico. You are now being forwarded to the Mexican website.

Switch Cancel

You selected Norway. The Norwegian business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

Our Philippines sales office is located in Makati, please feel free to reach out. You are now being forwarded to our central South East Asia website.

Switch Cancel

You selected Poland. The Polish business is being managed by our German subsidiary. You are now being forwarded to the Polish version of the German website.

Switch Cancel

You selected Spain. You are now being forwarded to the Spanish website.

Switch Cancel

You selected Sweden. The Swedish business is being managed by our Nordic subsidiary. You are now being forwarded to the English version of the Nordic website.

Switch Cancel

You selected Switzerland. You´re going to be forwarded to the Swiss website.

Switch Cancel

You selected Thailand. You are now being forwarded to the Thai website.

Switch Cancel

You selected the Netherlands. The Dutch business is being managed by our Luxembourgish subsidiary. You are now being forwarded to the Luxembourgish website.

Switch Cancel

You selected the USA. You are now being forwarded to the US website.

Switch Cancel

You selected Vietnam. The Vietnamese business is being managed by our Thai subsidiary. You are now being forwarded to the Thai website.

Switch Cancel
Back to top