RES Group completes sale of its French development and construction business
Post date: 02/11/2021 - 07:34
UK-based renewable energy developer RES Group has completed the sale of its development and construction business in France to Hanwha Solutions. RES will retain its support service business in France – providing asset management and operation & maintenance services across a large wind and solar portfolio.
According to the company, the sale »signals a significant milestone for RES as the capital raised will support RES’ strategy to accelerate growth globally in its project development and construction activities as well as its increasingly prominent support services business.« In the past 40 years, RES has delivered more than 22 GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 7.5 GW worldwide, according to its own figures. In France, RES currently manages over 800 MW of both wind and solar assets.