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NEWS

RES adds 98MW of wind to asset management portfolio
Nov 12, 2019
--- Contracts hat-trick adds a further 24 turbines to the over 1000 managed by RES ---
--- Nearly 1,400MW of assets managed by RES across 92 assets in UK&I ---

A hat-trick of contract wins has seen global renewables operator RES add 98MW of wind assets to its growing asset management portfolio across the UK and Ireland. RES, the world’s largest independent renewable energy company, with more than 35 years’ experience in wind, solar and storage manages a support services portfolio of over 5GW.

In agreeing the new deals, RES struck first-time agreements with ESB and Muirhall Energy. For ESB, RES will manage the 24MW, 12 turbine West Durham Wind Farm, while for Muirhall, the subsidy-free 46MW Crossdykes Wind Farm in Dumfries and Galloway will be taken on by RES after construction is complete in 2020.

Meanwhile NTR’s 28MW Bunnyconnellan Wind Farm in County Mayo will become the second of the company’s wind farms to join the RES Asset Management portfolio, following on from last autumn’s agreement at the 25MW Castlecraig Wind Farm in County Tyrone.

Announcing the trio of new contracts, RES’ Head of Asset Management, Darren Cook, said: Our reputation for renewable asset management continues to grow at pace and agreeing three new contracts is further validation of our world-class expertise and track record of maximising the potential of wind, solar and energy storage projects.

“Our commitment to unlocking extra value from every renewable asset isn’t just good news for our partners, it is great news for consumers as cheaper renewable energy is the best way to drive down the overall cost of power while reducing our carbon emissions.”

Alan Jones Asset Management Engineer from ESB said: “RES has been able to demonstrate an impressive track record on improving the performance of renewable assets it manages, and we’re looking forward to seeing the results of how they apply their expertise in the coming years.”

Sean MacDougall, Senior Technical Asset Manager from Muirhall said: Crossdykes is set to be one of the first subsidy-free onshore wind farms developed and that requires the site to be operated as efficiently as possible. A comprehensive and wide-ranging proposal made RES the ideal partner to manage what will be one of the most important wind farms to be developed in the UK to date.”

Kieran Tubridy, Senior Asset Manager from NTR said: Following a competitive tender process we are very pleased to appoint RES to provide asset management services on Bunnyconnellen Wind Farm. RES’ experience and expertise will help to ensure that the project delivers industry best practice health and safety, commercial and technical performance.”

The new contracts take to 92 the number of separate assets managed by RES in the UK&I, which can now count 1,396MW of renewables in its asset management portfolio.

RES pools all its expertise and experience to deliver significant cost savings and efficiencies to its partners. A recent report by DNV GL has shown that wind farm assets managed by RES perform 1% better than industry standard.

For more information, visit https://www.res-group.com/en/services-products/operations/.

For more information, contact:

Amy Moore: 01224 806 604 / 07966 321 194 / amy.moore@webershandwick.com

Steven Flanagan: 0141 343 3250 / 07557 210 989 / sflanagan@webershandwick.com Notes to editors:

About RES:

RES is the world’s largest independent renewable energy company active in onshore and offshore wind, solar, energy storage and transmission and distribution. At the forefront of the industry for over 35 years, RES has delivered more than 16 GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 3.5 GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured 1GW of power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs more than 2,000 people and is active in 10 countries.