BW Solar is focused on the development of solar power generation and energy storage projects. Led by an experienced management team that has built and financed some of the first operational solar and storage projects in the world, BW Solar’s mission is to play an active role in the energy transition by empowering communities to rely on clean energy to power their lives.
BW Solar is part of the BW Group, a leading global maritime company with a controlled fleet of over 360 ships involved in energy shipping. The group has been delivering energy and other vital commodities for more than 80 years, and employs more than 7,000 people, with offices in Singapore, Norway, Denmark, USA, China, India, the Philippines and Bermuda amongst others. BW Solar is headquartered in Waterloo, Ontario, Canada with support provided by BW Group’s global team of development, technical, operational, financial and legal professionals.
As a privately held company, BW Solar has the agility to adapt to the fast-moving regulatory and technological landscape. We focus on maximizing development value rather than short-term cash flows, ensuring that we can provide the lowest levelized cost of energy.
BW Solar’s approach to development is focused on providing the lowest cost of levelized energy and minimizing development risk. To achieve this we are involved in all levels of the project development life cycle. As a result, BW Solar is a vertically integrated developer that performs its own siting, permitting, development, engineering and construction, financing, and operations.
We strive to work in close collaboration with all stakeholders, including community leaders and residents, to minimize the environmental impact of construction and comply with all local land-use policies, ensuring that we create a beneficial development for all.
BW Solar operates under the following key development principles:
Specific target markets: We limit project development efforts to carefully selected markets
Early-stage projects: We only engage in the development of greenfield or very early-stage development projects
Quality over quantity: We focus our development efforts on a few high-quality opportunities over the cursory development of many sites
Data-driven decisions: We make investment decisions based on the latest fundamentals and market driven data points
Patience: Creating and maximizing development value takes time. As a privately held company we are patient, and focus on maximum value creation for all stakeholders rather than short-term cash flows
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