BayWa r.e. sells four C&I photovoltaic plants to NetOn Power in Italy

BayWa r.e., a leading global renewable energy developer, has announced the sale of a 14.2 MW portfolio of four C&I photovoltaic plants in Italy to NetOn Power. This transaction, announced on March 4, 2026, involves a mix of two operational and two ready-to-build projects, signaling a strategic asset rotation for BayWa r.e. and an entry or expansion for NetOn Power into the Italian commercial and industrial solar market. The deal underscores BayWa r.e.'s continuous development-to-sell business model, allowing it to recycle capital for new project development, while providing NetOn Power with a diversified portfolio offering both immediate revenue generation and future growth potential. The deal is notable for its focus on the C&I solar segment in Italy, a market driven by corporate sustainability targets and the economic benefits of self-consumption. The inclusion of both operational and ready-to-build assets within the 14.2 MW portfolio offers a balanced risk-return profile for the buyer. While the transaction value remains undisclosed, the involvement of BayWa r.e., a leading global player, highlights the continued attractiveness of the Italian solar market for both developers and investors seeking to capitalize on the country's renewable energy transition.