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Contact usRES CELEBRATES TWO NEW ASSET MANAGEMENT AGREEMENTS
by RES | Mar 06, 2023 | Reading time: 2 min
RES secures two new full-scope asset management contracts with Octopus Energy Generation.
RES, the world’s largest independent renewable energy company and industry innovator for over 40 years, has signed two new asset management agreements with Octopus Energy Generation for the Crossdykes Wind Farm and Cumberhead Wind Farm they manage in Scotland. Both agreements will see RES provide technical, commercial and financial asset management for each site.
Located in Dumfries and Galloway, Crossdykes has been operational since 2021. Crossdykes Wind Farm has an overall installed capacity of 48MW, comprising of 10 Nordex turbines. The project was acquired by Octopus Energy Generation on behalf of Octopus Renewables Infrastructure Trust (ORIT) and the Sky fund (ORI SCSp) in 2022.
Darren Cook, UK&I Asset Management Director, commented: “RES provided asset management services for previous owners; therefore, we are extremely pleased to be strengthening our partnership and continuing our valued asset management service at Crossdykes with new asset owner Octopus Energy Generation”.
Octopus Energy Generation’s Cumberhead Wind Farm is also managed on behalf of ORIT. It is situated in South Lanarkshire and is currently under construction. Once installed, Cumberhead will have a capacity of 50MW. The full-scope asset management contract starts later in 2023.
ENDS
Notes to editors:
About RES
RES is the world’s largest independent renewable energy company active in onshore and offshore wind, solar, energy storage, transmission and distribution and green hydrogen. At the forefront of the industry for 40 years, RES has delivered more than 23GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 12GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured over 1.5GW of corporate power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs over 2,500 people and is active in 13 countries. For further information about RES, visit www.res-group.com
CONTACT FOR FURTHER INFORMATION:
Callum Whiteford
RES Press Office
+44 141 404 5560
+44 7500 937 925
