RES shortlisted in two categories at Wind Investment Awards
by RES | Apr 08, 2021 | Reading time: 3 min
RES, the world’s largest independent renewable energy company, has been nominated for two awards in the Wind Investment Awards 2021.
The company has been shortlisted for the Asset Management award in recognition of its efforts to deliver best in class asset management functionality during the COVID-19 pandemic supporting 7GW of wind, solar and battery storage assets across the world.
It has also been nominated for the Onshore Deal of the Year award after completing the sale of the Murra Warra II Wind Farm in Australia, part of one of the largest wind farms in the southern hemisphere, to Partners Group.
Rachel Ruffle, CEO for Northern Europe at RES, said: “In a year of enormous challenges for the whole energy sector, being nominated in two categories of the Wind Investment Awards is something we are tremendously proud of.
“Like others, we have had to adapt and find new ways to work safely and effectively. The commitment of our team has been demonstrated time and time again, helping us meet our objectives and ensuring all our assets kept running smoothly, keeping the lights on for millions of homes throughout Europe alone.”
RES’ mission is to be a leader in the transition to a future where everyone has access to affordable zero carbon energy. Part of RES’ strategy to achieve that goal is to help its partners increase the output of existing assets, and is committed to improving capabilities and finding new techniques and tools to provide unprecedented accuracy in asset monitoring.
As well as creating predictive models and algorithms to monitor asset health with highly accurate maintenance forecasting, the company operates a 24/7/365 control centre to proactively schedule any required work during scheduled downtime. According to DNV, this approach helps RES clients’ assets perform 1% better than industry standard. Applied to a 40MW wind farm, this equates to an extra £1million over the project’s lifetime.
Darren Cook, Asset Management Director for RES, said: “We have a consistent track record of delivering above industry standard and we haven’t taken our eye off that goal during the pandemic. We adapted quickly, altering our working procedures with the backing of our team to ensure we could maintain an outstanding level of service.
“Being shortlisted in the Asset Management category of the Wind Investment Awards is testament to our efforts and we are delighted our team’s hard work is being recognised.”
The 209MW Murra Warra II wind farm west of Melbourne will consist of 38 General Electric 5.5MW wind turbines and is the culmination of 12 years of partnership working between the public and private sectors to achieve a low-cost, carbon neutral future for the region.
In August 2020 a consortium comprising Macquarie’s Green Investment Group (GIG) and RES announced the completion of the development phase of Murra Warra Wind Farm’s second stage. At the same time, it was sold to Partners Group (acting behalf of clients), and it became the first wind farm in Australia financed through a project finance green loan.
Murra Warra II will avoid an estimated 468,000 tonnes of CO2 each year and power the equivalent of 150,000 Victoria homes. Snowy Hydro, the Australian Government-owned hydroelectricity generator and retailer, agreed a Power Purchase Agreement (PPA) with RES and GIG to buy 100 per cent of the farms’ output.
Matt Rebbeck – Chief Executive Officer – Australia added: “Murra Warra II will form an important part of state, regional and local economic development, providing more than 400 full time equivalent jobs during the construction period and ongoing employment opportunities for its whole operational life. A community fund will also pour millions into local projects over the lifetime of both Murra Warra projects.
“This has been years in the making and is a fantastic example of how RES and Green Investment Group, working in partnership, have helped create something that will deliver tangible local benefits as well as substantial environmental benefits for the whole country.”
RES is active in onshore and offshore wind, solar, energy storage, transmission and distribution. Offering asset management, operations and maintenance and consultancy services, RES operates in ten countries across the world and in its 39-year history has delivered more than 19GW of renewable energy projects.
For more information about RES, visit www.res-group.com.
Notes to editors:
RES is the world’s largest independent renewable energy company active in onshore and offshore wind, solar, energy storage and transmission and distribution. At the forefront of the industry for over 39 years, RES has delivered more than 19 GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 7 GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured 1.5GW of power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs more than 3,000 people and is active in 10 countries.
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