RES Diversifies Asset Management Business Through Blueshore Acquisition

• UK-based RES, has actually announced the acquisition of Australia based Blueshore, an asset management business with 1.6 GW of assets under management.

The move doubles RES' asset management portfolio in Australia to over 3GW. Blueshore provides industrial, technical and also monetary asset management solutions for solar and wind power assets alongside the stipulation of portfolio management solutions to financiers in the Australian market. The acquisition brings RES new capacities, brand-new consumer partnerships as well as allows RES to diversify its current existence in the fast-growing Australian asset management market, incorporating RES' technical, engineering and value optimization solutions with Blueshore's distinct item offering, to supply tailor-made solutions to optimize project efficiency plus ensure compliance.

Grant Harris, RES' Director of Asset Management, Asia Pacific commented, "We are privileged to have the opportunity to bring the Blueshore as well as RES Asset Management teams together. We both share a common society and mission to provide value to our clients through the delivery of ingenious services and products that go to the core of maximising the value of operating assets.

Combining 2 extremely knowledgeable teams in this dynamic and also expanding market allows us to offer the widest range of options for the owners of renewable resource projects." Mike Rand, Blueshore's creator said, "The deal stands for an amazing action both for Blueshore and also for the Australian eco-friendly market, with the mixed groups set to develop a powerhouse of knowledge in the management as well as optimization of Australian renewable energy assets."

RES has seen exceptional growth in its assistance solutions (asset management, procedures and also maintenance) business over the last few years. The acquisition sees RES currently sustaining over 9GW of operational wind, solar as well as storage projects assets around the world. RES has actually provided more than 22GW of renewable energy projects around the world. RES employs more than 2,000 individuals and also is active in 10 nations functioning across onshore and offshore wind, solar, power storage space and transmission and circulation.