Renewable energy firm RES boosts services portfolio to 5GW

It has announced the acqquisition of REG Power Management’s (RPM) asset management arm

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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.”

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