RES doubles renewables portfolio with Blueshore acquisition

Murra Warra Wind Farm at sunset (wind turbines)
Murra Warra Wind Farm (Image: RES Australia)

RES, the world’s largest independent renewable energy company, has announced the acquisition of Blueshore, an asset management business with 1.6GW of assets under management in Australia.

The move means globally, RES now supports over 9GW of operational wind, solar and storage assets across the globe, and effectively doubles the company’s renewable assets portfolio in Australia.

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Blueshore provides commercial, technical and financial asset management services for solar and wind energy assets alongside the provision of portfolio management services to investors in the Australian market.

The acquisition of Blueshore brings RES new capabilities, new customer relationships and allows RES to diversify its current presence in the fast-growing Australian asset management market.

RES CEO support services Marco Perona said, “This acquisition is in line with our strategy that includes entering into new segments and new markets.

“RES now supports over 9GW of operational assets and is one of the few companies able to provide a wide array of services on a large international basis, adding value to our customers thanks to the deep in-house technical and operational expertise.

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“In the future months we plan to continue to grow our Support Services business in line with the company strategy, both organically and by external growth.”

Blueshore founder Mike Rand commented, “The transaction represents an exciting step both for Blueshore and for the Australian renewable industry, with the combined teams set to form a powerhouse of expertise in the management and optimisation of Australian renewable energy assets.”

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