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Home » Uncategorized » RES revels in 2018 surge
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RES revels in 2018 surge

Robin LancasterBy Robin LancasterFebruary 1, 20192 Mins Read
RES sets store by Ontario rail

RES has described 2018 as the ‘year of renewables’ after the company added 1.6GW to its wind, solar and energy storage portfolio, bringing the total figure to more than 16GW.

Highlights included developing and/or constructing 12 new wind, solar and storage projects in North America and the completion of three wind farms in France with a combined capacity of 40MW.

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In the UK, RES completed the 25MW Castlecraig wind farm in Northern Ireland and three new storage facilities totalling 80MW.

The company also won a contract to build a 10MW battery storage project in Bordesholm, Germany, while in Australia construction started at the 429MW Murra Warra wind farm.

RES said it also saw increased interest in power purchase agreements, including one in November with Royal Caribbean Cruises that took the company to over 1GW of contracts with corporate customers.

RES chief executive Ivor Catto said: “For us, 2018 was the ‘year of renewables’ and one in which power purchase agreements came of age, the clearest indication yet that renewable energy has become as competitive, as other forms of energy.

“We have now developed and built over 16GW of wind, solar and storage assets across the world after growing our portfolio by 1.6GW in the last year.

“We have made great progress in 2018 and this provides us with a solid foundation to continue to build towards a future where everyone has access to affordable zero carbon energy, which is the vision of the company.”

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