BayWa r.e. and its subsidiary BayWa r.e. Power Solutions have sold a 14.2 MWp portfolio of commercial and industrial (C&I) solar projects in Italy to NetOn Power, a provider of distributed energy solutions for industrial clients.

The portfolio includes four photovoltaic projects installed on rooftop and carport structures across Italy. Two assets are operational, while the remaining two have reached Ready-to-Build (RTB) stage.

The deal highlights a clear structure: developers are increasingly exiting mixed-stage C&I portfolios—combining operating assets with RTB projects—to recycle capital while preserving execution certainty for buyers.

For BayWa r.e., the transaction supports its strategy of optimising its European renewable portfolio and reallocating capital toward new development opportunities. For NetOn Power, the acquisition expands its onsite PPA portfolio, strengthening its role as a long-term energy partner for industrial clients.

The transaction also reflects the structural growth of Italy’s C&I solar segment, where companies are turning to onsite generation to manage energy costs and emissions. Buyers focused on distributed generation and onsite PPAs are increasingly targeting portfolios that already combine operating capacity with near-term build assets.

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