BayWa r.e. Appoints Daniel Gaefke to Group Management Board Amid Ambitious Plans for Wind and Solar Project Expansion

BayWa r.e. has appointed Daniel Gaefke to its Group Management Board as part of its strategic focus on expanding its global Wind and Solar Projects business. As the current Director of Projects APAC, Daniel will join the Board alongside CEO Matthias Taft, CFO Mihaela Seidl, and COO Guenter Haug.

With an increased focus on global renewable energy transition, BayWa r.e. has set ambitious targets, aiming to triple the capacity of its existing wind and solar development by 2026 while growing its Independent Power Producer (IPP) portfolio to an impressive 3 gigawatts (GW).

To realize these goals, Daniel Gaefke will take on the responsibility of overseeing BayWa r.e.’s onshore Wind and Solar Projects businesses. Additionally, he will be in charge of leading the company’s Energy Solutions division, which supports corporations in their own transition to renewable energy.

Daniel Gaefke has been a part of BayWa r.e. since 2016, successfully spearheading the company’s growth in the APAC region. Under his leadership, BayWa r.e. has made significant strides in market entries and expansion throughout Southeast Asia, Korea, Japan, and Australia. His appointment to the Group Management Board signifies a critical step towards achieving BayWa r.e.’s ambitious targets and driving renewable energy adoption worldwide.

Starting from November 1st, 2023, Daniel Gaefke will officially become a member of the Board, concentrating on leading BayWa r.e.’s EMEA (Europe, Middle East, and Africa) and APAC (Asia Pacific) Projects businesses. Meanwhile, CEO Matthias Taft will continue to oversee the US Projects business as part of the company’s bold expansion strategies for the US and the broader region.

Matthias Taft will also maintain his role in driving BayWa r.e.’s flourishing offshore wind business and solidifying the company’s position in the market. 

“BayWa r.e. has seen incredible growth, and it has been amazing to be part of our global success story. With the speed the renewable transition is progressing, our potential future growth is huge. This is all about securing a sustainable future and I’m extremely motivated to be working with my fellow Board members to drive forward the energy transition”, commented Daniel Gaefke, Director of Projects APAC, BayWa r.e. AG.

“We have set the goal of tripling the capacity of current global wind and solar projects we develop by 2026 and building our IPP portfolio to 3GW. Daniel’s appointment to the Board reflects his extensive market experience and expertise, which will further help to ensure these goals are realised”, added Matthias Taft, CEO, BayWa r.e. AG.

“There can be no doubt that the impacts of climate change are being felt globally and while the renewable transition is moving at pace, it must move faster. This is a cause all of us at BayWa r.e. are deeply committed to and I’m extremely proud of the business we have built and driven by the mission ahead of us.”