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BayWa r.e. to Acquire Ribeiro Solar and Enter into Brazilian Market

This strategic move solidifies BayWa r.e. Solar Trade's foothold in the Brazilian solar energy market, strengthening its international solar distribution presence.

September 04, 2023. By EI News Network

BayWa r.e. Solar Trade announced the signing of an agreement to acquire Ribeiro Solar, a solar distribution company operating exclusively in Brazil. This strategic move solidifies BayWa r.e. Solar Trade's foothold in the Brazilian solar energy market, strengthening its international solar distribution presence.

With a shared commitment to clean energy and empowering solar installers, BayWa r.e. Solar Trade and Ribeiro Solar are strategically aligning their expertise to drive the adoption of clean energy solutions. By leveraging Ribeiro Solar's deep market knowledge and extensive installer network within the Brazilian solar industry, alongside BayWa r.e.'s global solar distribution capabilities, the collaboration aims to support solar installers with high-quality products, comprehensive training, and a strong service record. This integration combines Ribeiro Solar's established presence and expertise with BayWa r.e. Solar Trade's track record of serving over 17,000 solar contractor customers worldwide.

Ribeiro Solar is headquartered in greater Curitiba in the south of Paraná with warehouse distribution hubs in Paraná, Rio Grande do Sul and Pernambuco, allowing for efficient storage, inventory management, and timely delivery of solar products to customers across Brazil. BayWa r.e.’s global supply chain reach will enable Ribeiro Solar to benefit from global scale while continuing to provide best in class support to installers in Brazil.

Frank Jessel, Global Director of Solar Trade at BayWa r.e., said, “The expansion of BayWa r.e. into the Brazilian market compliments the company’s continued international growth.”

He further said, “Ribeiro Solar's deep-rooted expertise and strong market presence will be instrumental in driving our success in Brazil, and we look forward to combining our strengths to accelerate the adoption of solar energy across the country.”

Liciany Ribeiro, CEO of Ribeiro Solar, added, "We are very grateful for this opportunity to be a part of the BayWa r.e. team, a respected global player in the solar market. This partnership reflects our shared commitment to growth, innovation, and technical excellence, which in turn will benefit our valued clients. Together, we will make a greater impact in the renewable energy market, delivering enhanced value and sustainable solutions".

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