BayWa r.e. acquires German wind energy developer NWind. NWind’s portfolio includes a wind project pipeline of 700 MW in generation capacity in different development stages.
About the Target – NWind
NWind GmbH (“NWind”) is a German full-service wind energy developer, planning, building, and operating wind turbines throughout Germany. The company focuses exclusively on the construction of onshore parks. NWind has 60 wind projects of 700 MW generation capacity in different development stages. NWind’s services include individual potential analysis, project development and suitable utilization concepts, planning wind parks, EPC, and operational management.
About the Buyer – BayWa r.e.
BayWa r.e. AG (“BayWa r.e.”) is a renewable energy company based in Munich, Germany. The company focuses on the development, construction and operation of wind and solar projects as well as the provision of energy storage solutions and digital energy services. BayWa operates in 30 countries in Europe, the Americas and the Asia-Pacific region. The company’s portfolio includes more than 8 GW of renewable energy projects with an installed capacity of more than 3 GW. In addition to its renewable energy business, BayWa r.e. also offers energy trading services and operates a digital energy platform that provides customers with energy management and monitoring services.