With the new branch, the company intends to further expand its presence in the potential growth market in south-eastern Europe. Up to now, Baywa RE has mainly built projects and operated plants.
Greece, with its ten million inhabitants and annual electricity consumption of a good 56 terawatt hours, is a relatively small market compared to Germany, Spain or France. But Athens has the most ambitious goals in Europe for the expansion of renewable energies. By 2030, at least 70 percent of electricity should come from renewable sources.
Support project business
This can only be achieved with a lush and rapid expansion of photovoltaics and wind power. Baywa RE is already well involved in this with projects that the company is currently building in Greece. After all, the current project pipeline comprises 1.6 gigawatts.
Established partnership with local companies
With the new branch for the photovoltaic wholesale trade in Athens, Baywa RE Solar Trade is also continuing the expansion strategy in south-eastern Europe, which began with branches in Italy and Spain. "We see great potential for Greece to play a leading role in the development of renewable energies in Europe and make a significant contribution to the energy transition," says Alexander Schütt, Regional Director at Baywa RE Solar Trade.
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