Commerz Real Acquires a 47 MWp Solar Photovoltaic Power Project with Building Permit in France from BayWa r.e.
/WIESBADEN/MUNICH, GERMANY, March 11, 2025, 10:00 CET, RENEWABLE MARKET WATCHTM/ Commerz Real has acquired a solar project with building permit from the established German developer BayWa r.e. for its Klimavest fund. This project is located near Troyes in the Aube Department of Eastern France. It will cover an area of 42 hectares and have a power capacity of 47 MWp. Construction of the plant is already underway, with plans for completion and commissioning set for September 2025.
BayWa r.e. will provide technical and commercial management for the plant. Once operational, the solar power plant will supply green electricity to approximately 11,000 households. This acquisition will benefit klimaVest to diversify its renewable energy portfolio in Europe with more than 40 wind and solar power plants.
Commerz Real plans to sale the generated electricity combining a long-term power purchase agreement (PPA) with fixed state feed-in tariff to a potential buyer, which is undisclosed at this moment.
"France is an attractive investment location for solar and wind power projects thanks to its economic and political framework conditions", said Michael Henn, Global Head of Green Deal Infrastructure at Commerz Real.
Recently, the shareholders of BayWa r.e. (BayWa AG and Energy Infrastructure Partners (EIP)) have been negotiating a further strengthening of BayWa r.e’s capital base. This step was implemented at the end of February 2025, with EIP providing BayWa r.e. an additional EUR 150 million in capital, complementing its ongoing financial support. As a result, EIP, which has been invested in BayWa r.e. since 2021, will become the new majority shareholder of BayWa r.e. with a 65 per cent stake, while BayWa AG will retain 35 per cent. This step is still subject to the usual antitrust approval.
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Image credit: BayWa r.e.
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