Funds advised by Energy Infrastructure Partners acquire 49% stake in 13 GW global renewable energy platform BayWa r.e.
Zurich, December 9, 2020 – Funds advised by Energy Infrastructure Partners will invest in BayWa r.e. by means of a EUR 530m capital increase. The transaction will result in a 49% shareholding and will create significant value in the renewable energy sector.
The transaction, signed yesterday in Munich, will enable a consortium of investors advised by Energy Infrastructure Partners AG (EIP), including the Versicherungskammer Bayern, to participate in BayWa r.e.’s global renewables platform. A Munich-based global leader in the renewable energy industry, BayWa r.e. has an established photovoltaic and onshore wind project pipeline of over 13 GW that is diversified across more than 20 countries worldwide. Partnering with EIP will allow for an accelerated build-out of BayWa r.e.’s globally and technologically diversified renewables platform.
Aside from maintaining a focus on the successful project development, services and solutions business, the strategic evolvement of BayWa r.e. into an independent power producer (IPP) with an initial 3 GW target capacity by 2028 is the first step to capitalize on the full potential of the platform. The partners envisage deploying additional capital over time in order to extend the owned renewable asset base significantly.
“Our excellent relationship with BayWa as the majority partner, the impressive performance of BayWa r.e.’s management team and our proven record in large-scale renewable investments will allow us to jointly build out and develop this platform in the years to come. The strategic progression will enable institutional investors to profit from stable cash flows while accessing a renewable power generation portfolio of significant size,” commented Roland Dörig, Managing Partner at EIP.
Tim Marahrens, Co-Head Origination and Transactions at EIP, underscored the significance of the transaction given the current period of ongoing market consolidation in the sector. “We are pleased about this unique opportunity to participate in a large-scale global renewable platform.”
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Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Swiss manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 3 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. Its clients primarily focus on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic and social development, and the retirement provision of the population.