RES has increased its renewable energy support services portfolio to 5GW with the buyout of REG Power Management’s (RPM) asset management business.
The acquisition includes contracts to manage a portfolio of 43 operational wind and solar energy projects owned by organisations such as BlackRock, John Laing Environment Assets Group and Equitix.
RES CEO Ivor Catto said: “Clients want to maximise production of clean electricity from their wind and solar assets and see long term, healthy returns across their portfolios.
“At RES, digitalisation and data-led decision making are at the heart of maximising asset production and increasing returns for our clients. To support long-term growth, we continue to invest in our data platforms and seek new technology that will deliver additional value to our customers.”