BayWa’s renewables division is planning to significantly accelerate its offshore wind activities in Italy.
Its Italian portfolio boasts over 9GW of projects in varying development stages, underlining BayWa r.e.’s ambition to become an established player in the offshore wind industry, the company said.
BayWa r.e. has a total of 14 floating offshore wind power plants under development in Italy.
In addition, a dedicated offshore project development team has been set up in Rome.
The company is developing offshore wind power plants in several Italian regions – two in Lazio, two in Puglia, four in Sardinia, and six in Sicily.
Giulia Lo Bianco, head of offshore wind at BayWa r.e. Italy, said: “Our significant project pipeline reflects our determination to support a green and sustainable future in Italy.
“Over the next years, BayWa r.e. will continue to invest resources and expertise to implement innovative solutions such as offshore wind, to not only contribute to a concrete path towards decarbonisation for Italy, but also create economic opportunities and promote sustainable development at a regional level.”
BayWa r.e. estimates that three to five of these projects in Italy will be commissioned by 2030, corresponding to a total capacity of around 2GW.
This forecast considers the development processes, regulatory assessments and technical considerations necessary to ensure the quality and safety of the projects.
An investment of approximately €6bn will be required for the development and construction of the plants.
The company is pursuing a number of offshore opportunities in additional markets, with the ambition to expand its portfolio over the next years.