The asset management division of RPM’s portfolio includes wind and solar projects owned by BlackRock Inc., John Laing Environmental Assets Group (JLEN) and Equitix.
RES’ approach to support services gives its customers greater visibility of yields and opportunities for enhancement. The data and knowledge that RES has built up over the last 35 years, across the value chain, is applied to each and every asset.
Ivor Catto, RES CEO, commented, “At RES, digitalization and data-led decision making are at the heart of maximizing asset production and increasing returns for our clients. To support long-term growth, we continue to invest in our data platforms and seek new technology that will deliver additional value to our customers.”
RES has over 35 years of experience in the renewables sector and a recent independent study by DNV GL has demonstrated assets managed by RES perform 1 percent better than industry standard, enabling clients to achieve better performance and increased revenues.
Andrew Whalley, RPM Chief Executive Officer, stated, “We are delighted to reach agreement with RES to sell our asset management business, providing continuity for both our clients and staff. The sale will allow RPM to focus on its development business encompassing some 1GW of UK wind and solar projects, which can help meet the UK’s urgent requirement for more low-cost renewable energy in the future”
