German renewable energy company BayWa r.e. is realigning its German PV wholesale operations.
As of April, the newly established BayWa r.e. Solar Energy Systems GmbH will offer all of the group’s products. The company said its new subsidiary would focus more on its experience in the market gained over many years as well as on its growing expertise in the photovoltaic sector.
With the launch of the new division, BayWa r.e. subsidiaries Creotecc GmbH and Solarmarkt Deutschland will cease trading.
"The new name of BayWa r.e. Solar Energy Systems GmbH reflects the broader product palette, the extensive range of services within the German photovoltaic wholesale market, as well as the growing relevance of international customers," the company said.
BayWa r.e. added that in the future it would offer a wide product spectrum including power storage systems and heat pumps, as well as photovoltaic modules and inverters, plus a full range of installation systems.
"At the same time, BayWa r.e. will be a powerful operator in the market with a strengthened team and new sales avenues. Calling on the existing network of installers, end customers will increasingly be approached on the subject of power supply utilities and other sales partners, such as construction companies and building material merchants," the group added.
BayWa r.e. Managing Director Günter Haug said, "With the realignment of the solar wholesale business in this strengthened form, we follow our conviction that decentralised photovoltaic systems will remain a fixture in the German energy transition."
Munich-based BayWa r.e. is a wholly owned subsidiary of BayWa AG and responsible for the group’s renewable energy business.