German Renewable Energy Developer Prepares for Potential IPO

Baywa r.e., one of Europe’s biggest renewable energy developers, is preparing for a potential initial public offering to fund a growing pipeline of projects, including entry into offshore wind markets.

“We’re focusing on our capital market readiness,” Chief Executive Officer Matthias Taft said in an interview. He expects more clarity on whether Baywa r.e. opts for an IPO, private placement or other funding mechanisms over the next year.

Investors have been waiting for majority owner Baywa AG, a Munich-based commodities trader, to place additional shares in its subsidiary after selling a 49% stake to Switzerland’s Energy Infrastructure Partners ...