BayWa r.e. has attained a €3 billion refinancing package with support from shareholders and financial partners, extending funds until mid-2029. The arrangement includes bank loans, shareholder loans, and operational guarantees, fortifying the financial framework and enabling growth across core business sectors.
"This important milestone means we are entering the next phase of our business development from a position of financial and strategic strength," according to BayWa r.e .'s chief restructuring officer, Hans-Joachim Ziems.
© BayWa
The agreement encompasses €435 million in funding previously announced in March. BayWa AG maintains a 51% majority share in the renewables entity, while Energy Infrastructure Partners holds a 49% interest and brings sector-specific knowledge.
BayWa r.e. indicates that successful refinancing highlights shareholders' and lenders' confidence in its transformation and long-term IPP model. The firm will focus on advancing and constructing wind, solar, and battery storage projects and maintain assets while also trading energy.
The company plans to maintain global operations, prioritizing territories with stable regulatory settings and growth potential. The solar trading unit is expected to be divested in the medium term, but remains strategically pivotal for now. BayWa r.e. has delivered over 6GW of renewables capacity and oversees more than 10.5GW of assets.
Source: re NEWS
