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RES acquires 412MW of DNV wind under management – reNews

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RES has acquired part of DNV’s asset management activities, amounting to 412MW of operational wind energy installations in the UK and Ireland.

The assets are owned by a number of clients, including CGN Europe and Cubico Sustainable Investments. 

Under the deal, staff and contracts for 27 projects will transfer to RES, as the company takes over the site management and control centre services.

RES said it has seen “exceptional growth” in its support services, spanning asset management, operations and maintenance, over the last few years.

Today the company supports over 7.5GW of operational wind, solar and storage plants worldwide. 

The deal with DNV follows on from RES’ acquisition of REG Power Management’s asset management business in 2019 and positions the company as one of the “leading support services providers to the renewable industry”.

RES asset management director Darren Cook said: “RES is continuing to lead the growth in the renewables support services market, expanding our capabilities across asset management, operations and maintenance. 

“We expect to see further consolidation in this area with independent companies, like RES, who can cover a range of technologies and platforms able to add greater value to clients through enhancing asset performance. 

“We are investing heavily in our data platforms and digital capability to ensure RES remains at the cutting edge of asset optimisation and management.” 

Keir Harman, DNV’s renewables operations director, added: “DNV’s strategy to focus on core technical advisory services and divest wind farm site management and control room services in the UK and Ireland fits well with RES’ growth ambitions in this space.

“We are pleased that RES will onboard our highly regarded and experienced control room and site management staff along with the customer contracts that they support.

“DNV continues to work in partnership with RES working on operating phase renewable energy projects across the globe.”

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