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.
The operational team acquired includes senior management and the development team from BayWa r.e. Japan, and the company will now operate under the Virya Energy brand.
With this acquisition, Virya Energy marked its formal entry into Japan’s renewable energy power generation sector. The integration provides the company with immediate capacity in development, power purchase agreement management, and project management capabilities.
Paul Tummers, CEO of Virya Energy, commented, “We are pleased to welcome the team joining from BayWa r.e. into Virya Energy. The acquisition represents a transformative moment for our growth strategy in Japan. Beyond expanding our footprint, we are integrating a highly capable and dedicated team that brings immediate, critical capacity in one of Asia’s largest renewable energy markets. We look forward to realizing the full potential of this combined platform.”
In October 2024, the company also acquired Sunopée, a specialist in decentralized photovoltaic solutions and a subsidiary of the Léon Grosse Group. The acquisition enabled the company to expand its presence in the French renewable energy market and accelerate its growth in rooftop photovoltaic systems for industrial and commercial buildings.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, in 9M 2025, 76 solar M&A transactions were executed compared to 62 in 9M 2024. The largest transaction was by ONGC NTPC Green, which signed a share purchase agreement to acquire a 100% equity stake in the Indian utility-scale renewable energy platform, Ayana Renewable Power, for $2.3 billion.
In August 2023, the company acquired a majority stake in Singapore-based renewable electricity generation and storage development platform Constant Energy through a combination of primary investments and secondary shares from Olympus Capital Asia, a middle-market investment firm focused on Asia.
