Baywa AG was formed in Germany as a wholesale trading company in 1923. After 90 years of successful business, Baywa has grown significantly. Baywa now has over 17,000 employees worldwide and annual revenue of nearly $19 billion. The company has become known for its long-term outlook and consistent performance, having been profitable for every year of its existence.
In 2009, BayWa formed “BayWa r.e.” as a subsidiary dedicated to renewable energy, with the goal of becoming one of the leading renewable energy service providers in the world’s key markets. In three short years, BayWa r.e. has made great strides in this industry, with holdings in PV, Wind, Biomass and Geothermal, including its strategic partnership with Focused Energy in 2011. BayWa r.e. has already brought about 1,000MW of renewables to the grid, including over 500MW of PV. BayWa sees its investments in the RE market segments as a significant contribution towards the sustainability of the world’s energy mix.
In an open letter to all employees, BayWa CEO Klaus Josef Lutz stated that “it is safe to say that BayWa has been a success. And I am certain that this will continue in the decades to come – if we remain true to what drove our founding fathers: consistently orienting our business towards our customers and markets, independently of political and economic conditions and on the basis of cooperative values, while keeping an eye on risks.”