RES buys Ingeteam’s green division to form renewables giant

Rigger works on wind turbine blade suspended from crane basket (Ingeteam RES)
Image: RES Group

RES, the world’s largest independent renewable energy company, has completed the acquisition of Ingeteam’s renewable service division, expanding RES’ operations to 24 markets and making it the largest renewable energy services provider in the world.

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The deal adds to RES’ distinctive breadth of services to the solar, wind, BESS, biomass, hydro, and hydrogen industries and expands its global reach into 10 new markets with the addition of Brazil, Mexico and Spain.

RES’s Australian CEO Matt Rebbeck said, “We are thrilled to announce RES’ strategic acquisition of Ingeteam Services, a move that marks a significant milestone in our commitment to providing comprehensive solutions in the renewable energy sector.

“With the integration of Ingeteam’s Operations and Maintenance (O&M) services into our portfolio, RES is now poised to offer our clients a complete suite of services, ensuring the seamless operation and maintenance of their renewable energy assets.

“This acquisition not only strengthens our position as a key player in the Australian market but also propels RES to the forefront globally, making us the largest services supplier in the renewable energy sector.

“As we continue to drive innovation and sustainability, this development reinforces our dedication to delivering unparalleled value and excellence to our clients while contributing to the growth and advancement of the renewable energy market in Australia and beyond.”

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The deal marks the launch of RES’ global services business, which will be led by newly appointed CEO Juan Gutiérrez from May 2024.

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