The acquisition will be considered to have taken place retroactively from 1 April, BayWa r.e. said.
OneShore Energy specializes in the analysis, planning, operation and optimization of both diesel gensets and solar-diesel hybrid plants. BayWa r.e. said the deal will further expand its commitment to off-grid solutions.
Gàƒ¼nter Haug, BayWa r.e. managing director, said: “Following the successful completion of an initial joint project in Rwanda, it was clear to us that the software-based analysis and planning tools from OneShore Energy and our portfolio in the photovoltaic segment complement each other perfectly.
“With the acquisition of OneShore Energy, we are strengthening our position in the growing market for off-grid power generation and are increasing the attractiveness of our full-service offering, especially in regions with poor or no connection to the grid.”
Philipp Kunze, founder and managing director of OneShore Energy, added: “By combining existing diesel generators with high-performance photovoltaic modules, we are able to significantly reduce both the costs of energy generation and CO2 emissions. As a part of BayWa r.e., in future we will be able to offer the services and components to do this directly from a single source.”