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BayWa r.e. has expanded its offshore wind activities in Italy. The portfolio now includes 9 GW of projects in different development stages which establishes BayWa r.e.’s plan to be a significant player in the offshore wind industry.
Currently, BayWa r.e. has 14 floating offshore wind power plants under development in Italy — two in Lazio, two in Puglia, four in Sardinia, and six in Sicily. BayWa r.e. also has an offshore project development team set up in Rome that is integrated into the global offshore wind team.
BayWa r.e. expects 3 to 5 projects to achieve commissioning by 2030. Approximately EUR 6 billion would be needed for developing and constructing these plants.
Felipe Cornago, Managing Director Offshore Wind at BayWa r.e., said, “Offshore wind provides remarkable efficiency and consistency and can be a game changer to achieve key climate goals in Europe. Our growing offshore pipeline demonstrates our dedication to advance the deployment of offshore wind power – an essential pillar of the energy transition. BayWa r.e. is fully committed to playing a leading role in driving forward this transition, and with our new global structure and local expertise, we are all set to elevate our offshore activities to the next level.”
“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,” added Giulia Lo Bianco, Head of Offshore Wind BayWa r.e. Italy.
