BayWa r.e. has recently acquired its long-preferred partner in France, Enerpole, which is a pioneer in the development of renewable energy and was founded in Carcassonne in the South of France in 2005. BayWa r.e. has bought a 600 MW project portfolio from the solar and wind power developer comprising of 300 MW of solar and 300 MW of wind assets. Further, Enerpole’s eight employees will also join the BayWa r.e. team.
BayWa r.e. has been focusing on expanding its presence in France in the recent years and is also going to establish its seventh office in Carcassonne, through Enerpole. BayWa r.e. has been present in France since 2005, with an already commissioned portfolio of 315 MW of wind and solar assets. Further, it has a project pipeline of 2.2 GW under development in the country with 1 GW wind and 1.2 GW solar. The company is also developing floating solar and agri-solar projects in France and is growing its services business as well. Meanwhile, globally, the company has installed over 4 GW of renewable energy capacity and manages over 10 GW of renewable energy assets. It also recently became an IPP by entering the generation market.
“We have been working with BayWa r.e. for many years. Our two companies share a common project development culture that respects people, the environment and the region,” said Jean-Paul Boulze, founder of Enerpole. “To us, BayWa r.e. is the most natural buyer to represent our values and continue our approach in the field, while retaining the confidence of our employees.”
“The acquisition of Enerpole is consistent with BayWa r.e.’s development strategy in France, one of the company’s key markets, which accounts for 20% of its results,” commented Can Nalbantoglu, Managing Director of BayWa r.e. France. “We have a territorial approach which focuses on the challenges and needs of each region,” added Can. “The Occitanie region is third in France in terms of installed wind power and second in terms of installed solar capacity. Its potential and the high quality of its solar and wind resources naturally made the region a strategic one for developing renewable energy in France.”