RES has acquired Australian asset management business Blueshore.
The deal brings 1.6GW of solar and wind assets into the RES fold. A purchase price was not disclosed.
RES said the acquisition gives it new capabilities, including new customer relationships and a diversifies presence in the fast-growing Australian asset management market.
Grant Harris, RES Director of Asset Management Asia Pacific, said: “We are privileged to have the opportunity to bring the Blueshore and RES Asset Management teams together. We both share a common culture and mission to provide value to our clients through the delivery of innovative products and services that go to the core of maximising the value of operating assets.
“Bringing together two highly experienced teams in this dynamic and growing sector enables us to offer the broadest range of solutions for the owners of renewable energy projects.”
Blueshore founder Mike Rand added: “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.”