RES wins Asset Management Prize at Wind Investment Awards
by RES | May 21, 2021 | Reading time: 3 min
RES, the world’s largest independent renewable energy company, has won the Asset Management prize at the prestigious Wind Investment Awards 2021. RES was also highly commended in the Onshore Deal of the Year category for the sale of Murra Warra II, a 209MW wind farm located west of Melbourne.
The company was praised by the judges for their “stand-out” asset management team which brings “technical excellence to the table”. They also commended RES for their knowledge of their operating assets and ability to deliver strong performances at the the 7GW of wind, solar and battery storage assets around the world.
Darren Cook, Asset Management Director for RES, said: “At every site we manage we apply our technical expertise, knowledge and experience to maximise the output and value of our client’s assets. This approach means we have a track record of delivering above industry standard performances and we haven’t taken our eye off that goal during the pandemic.
“Winning the Asset Management prize at the Wind Investment Awards is testament to our efforts and I’m very proud of every member of the team for their continued hard work and dedication to delivering technical excellence for our clients.”
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.
RES was also highly commended in 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. The 209MW Murra Warra II wind farm 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.
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.
For more information, contact:
+44 141 404 5560
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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.