BayWa has acquired Australian renewables developer Future Energy, which has development approval for over 40MW of wind power.
The deal marks BayWa’s first move into Australia’s onshore wind market, the company said.
BayWa board member Matthias Taft said: “The Future Energy acquisition provides an important platform for BayWa’s future growth and we are very pleased to welcome the team onboard.
“We look forward to building a long-term development business together and realising our first projects over the next 18 months.”
BayWa Australia director Katy Hogg said: “We expect to be exporting electricity from the first few wind projects by the end of 2018, with a view to acquiring, developing and implementing additional projects across Australia in the coming years.”