Virya Energy acquired BayWa r.e.’s Japan solar platform, the company announced on December 12, 2025, marking the Belgium-based developer and IPP’s entry into the Japanese market.
“This integration provides Virya Energy with immediate capacity across development, PPA management, and project management capabilities,” said the company. It plans to focus on supplying renewable power to “large corporate clients.”
The acquisition adds over 60MWDC of capacity under development and in operation to Virya Energy’s portfolio. “Beyond expanding our footprint, we are integrating a … team that brings immediate, critical capacity in one of Asia’s largest renewable energy markets,” said the company’s CEO Paul Tummers.
Most recently, BayWa r.e. commissioned a 40MWAC/50MWDC solar farm in Hyogo Prefecture. The company also built a 10MWAC/11.9MWDC plant in Kagoshima Prefecture and a 25.5MWAC/35MWDC asset in Ibaraki Prefecture, which it divested to an Osaka Gas-Development Bank of Japan joint venture in 2020 and 2021, respectively. Additionally, it secured project finance for another 9MWDC project and signed an on-site PPA with Nippon Sheet Glass.
BayWa r.e. has been undergoing restructuring globally since mid-2024 and aims to exit non-core businesses by December 2027.
Virya Energy and its Asia-Pacific-focused affiliate Constant Energy have previously worked with Japanese companies on foreign projects. Among others, the former sold its offshore wind platform to JERA in 2023 and the latter, which has over 250MW of solar, wind, and BESS operational in Southeast Asia, partnered with Shizen Energy on an on-site PPA for Aisin Thai Automotive Casting.
