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Baywa buys Austria’s Ecowind to expand in Eastern Europe

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German agricultural products group Baywa AG has purchased a 90 percent stake in Austria’s Ecowind GmbH to expand in the growing East European wind energy market.
Baywa buys Austria’s Ecowind to expand in Eastern Europe

The Munich-based company said in a statement that it spent €4.6 million ($6.6 million) because of “the huge potential of onshore wind in Eastern Europe”.

Earlier this month, Baywa said it would invest €250 million ($360.9 million) in its renewable unit to develop and sell solar, wind and biogas plants to investors in Europe, the US and North Africa.

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Baywa AG

Tags: Wind , Europe , Africa , Biogas , Solar
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