A bright new partnership: RES' Solar O&M portfolio exceeds 100 projects
RES' solar O&M team in the UK&I surpass 100 projects with a new customer agreement.
A bright new partnership between RES, the world's largest independent renewable energy company, and Downing LLP sees RES add 13 solar sites to its solar O&M fleet, increasing its overall project portfolio to more than 100 projects. This portfolio expansion follows similar agreements with other partners in recent months, boosting RES' solar O&M portfolio in the UK&I to over 900MW.
Downing LLP, a responsible investment manager with a 433 MW portfolio across wind, solar, storage and hydropower in the UK and the Nordics, has contracted RES to deliver full-scope O&M at several of its solar farms. In addition to the full-scope contracts, High Voltage (HV) responsibility has also been included, signifying a successful contract win for RES' newly established in-house HV team.
Brian Darnell, Head of Solar O&M at RES commented: "We are delighted to be working with Downing LLP in providing them with O&M services. The breadth of sites allows RES to demonstrate our vast experience, skills and in-depth knowledge of solar PV O&M and HV capabilities."
Simon Deacon, RES' Operations and Maintenance Director added: "These new contracts tie in with our growth strategy to partner with selected long-term asset owners who share the same vision of ensuring longevity and efficiency of their plant, thereby allowing us to show the full potential of the services that RES offers. We are excited to build on the foundations of a strong relationship."
Danielle Strothers, Head of Infrastructure Asset Management at Downing LLP said: "Downing LLP is pleased to appoint RES as O&M provider for 13 of our solar sites. We have been impressed with its collaborative approach and we're looking forward to working with the team to help drive the efficiencies of our assets."
About RES
RES is the world's largest independent renewable energy company and is active in onshore and offshore wind, solar, energy storage, green hydrogen, transmission and distribution. As an industry innovator for over 40 years, RES has delivered more than 23GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 12GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured over 1.5GW of corporate power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs over 2,500 passionate people and is active in 14 countries. Visit www.res-group.com
About Downing LLP:
Downing is a responsible investment manager established in London in 1986. We currently manage £1.9 billion of assets under a broad range of investment mandates across our funds, investment trusts and tax-efficient products. As a certified B Corporation, we are focused on creating a sustainable future. Our key investment areas are renewable energy, infrastructure, property and healthcare.
Downing has c.60 professionals dedicated to renewable energy and infrastructure and a proven track record in renewables. Since 2010, Downing has made more than 180 investments in the core renewables space and has c.£760 million of assets under management in solar, wind, hydro, battery storage and other infrastructure sectors.
