Clearwater has advised BayWa r.e. renewable energy GmbH (BayWa r.e.), the leading renewable energy developer and supplier, on the sale of its biomethane trading business BMH to bmp greengas GmbH (bmp greengas).
BMH manages the handling of biomethane from the suppliers’ entry point to the customers' exit points as well as to and from the virtual trading point with an annual trading volume of over 1,500 GWh. In the course of the transaction five highly specialised employees will be transferred from BayWa r.e. to bmp greengas.
BayWa r.e. is a wholly-owned subsidiary of the BayWa Group in which all activities in the field of renewable energies are pooled. Founded in 1923, the BayWa Group is a global player with total sales of around €16bn. The BayWa Group is headquartered in Munich and specialises in trading, logistics and services in the agricultural, energy and construction sectors. The energy segment is the second largest business segment within the group.
bmp greengas, a subsidiary of Erdgas Südwest GmbH, is the market leading biomethane wholesaler in Germany and a highly specialised provider of related services.
Erdgas Südwest GmbH is a regional utility company headquartered in Ettlingen, Baden-Württemberg. The shareholders are EnBW Energie Baden-Württemberg AG (79%) and OEW Energie-Beteiligungs GmbH (21%).
