BayWa r.e., a renewable energy project developer, has completed the sale of 100% of the share capital of its subsidiary WHF 01 to NetOn Power, a renewable energy platform launched by investment firms Quantum Energy Partners and 547 Energy.
The special-purpose vehicle, controlled by BayWa r.e. Power Solutions, includes a portfolio of four commercial and industrial solar rooftop and carport projects located across Italy, totaling approximately 14 MWp. The portfolio comprises two operational and two ready-to-build projects.
For NetOn Power, this acquisition marks the expansion of its on-site renewable energy solutions for industrial clients.
Capcora served as the exclusive sell-side M&A advisor to BayWa r.e. on the transaction, supporting the company throughout the process from investor outreach to negotiation and closing. Simmons & Simmons acted as the legal counsel to BayWa r.e., while Parola Associati advised NetOn Power on the transaction.
Dr. Daniel Gafke, COO of Corporate Finance at BayWa r.e. AG, commented, “The sale of this portfolio marks another important step for us in Italy. We are pleased that our projects will now contribute to NetOn Power’s growth and continue playing an active role in advancing the energy transition.”
Previously, in December 2025, BayWa r.e. completed the sale of a 46 MW floating solar project in Friesland, the Netherlands. The floating solar project will be developed by the local cooperative, with support from the Friesland Clean Energy Fund and the municipality.
Additionally, in December, Virya Energy, a renewable energy company, announced the acquisition of BayWa r.e. ‘s Japan solar platform and operational team. The platform comprises a development and operating solar portfolio exceeding 60 MWdc across multiple prefectures in Japan, contributing to Virya Energy Group’s strategic growth targets in Asia.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, approximately 37.4 GW of solar projects were acquired in 2025, compared to 37.7 GW in 2024.
