RES doubles Australian asset management portfolio with Blueshore deal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A solar PV plant from RES in France. Image: RES.

Renewables developer RES has doubled its renewable energy asset management portfolio in Australia to more than 3GW with the acquisition of Blueshore.

With a 1.6GW portfolio, Sydney-based Blueshore provides commercial, technical and financial asset management services for solar and wind energy projects.

UK-based RES said the deal will provide the company with new customer relationships while helping it to diversify its presence in Australia’s asset management market.

“This acquisition is in line with our strategy that includes entering into new segments and new markets,” said Marco Perona, who was recently appointed to the role of RES’ CEO Support Services.

Including Blueshore’s portfolio, RES now supports more than 9GW of operational wind, solar and storage assets globally.

RES recently completed the sale of its development and construction business in France to Hanwha Solutions, the parent company of module manufacturer Q CELLS.

Other solar M&A deals in Australia in recent months include Iberdrola acquiring engineering, procurement and construction provider Autonomous Energy, while pension investor OMERS Infrastructure has bought a 49% interest in the Australian renewable energy platform of solar developer Fotowatio Renewable Ventures.

Read Next

May 20, 2022
Independent power producer (IPP) RES has announced a collaboration with power purchase agreement (PPA) provider Alight to develop new solar projects in central and south Sweden. 
May 19, 2022
German asset manager KGAL Investment Management has acquired a majority stake in Italian renewables developer Baltex Progetti through its fund KGAL ESPF 5.
May 16, 2022
Solar PV and other renewables account for more than a third of electricity generation in Australia’s National Energy Market (NEM) in Q1 2022, coal’s share slipping by five percentage points year-on-year.
May 13, 2022
Grant funding has been awarded to a project in Australia that will explore the potential revenue streams and consumer interest in used solar PV panels.
May 9, 2022
Inverter manufacturer Sungrow has signed a 2GW distribution agreement with Australian distributor Solar Juice.
May 4, 2022
A virtual power plant (VPP) pilot programme in Western Australia that aims to adapt grid management to support greater uptake of rooftop solar has aggregated its first package of residentially generated energy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA