Penetrate new segments and markets
Although the amount has not been disclosed, RES is buying the Australian company Blueshore.
With this purchase, RES is meeting two of its objectives.
Firstly, to penetrate new segments and, secondly, to reorganize its international presence.
In particular, the UK-based company has begun to reorganize its presence in certain countries.
In 2021, RES sold its development and construction activities in France to Hanwha of Korea.
In an interview with S&P Global Platts, Marco Perona, CEO of RES Support Services, discusses other aspects.
In particular, he emphasizes the company’s desire to expand its range of services.
He states that this objective will be achieved:
“By providing advice on electricity prices, grid connections, insurance operations, ESG and Health Safety Quality and Environment reports”.
This internal reorganization is aimed at setting up support services, thus responding to significant growth for the company.
RES acquires Australia’s Blueshore
RES’s purchase of Blueshore enables us to pursue this strategy and strengthen our presence in Australia.
In the same interview for S&P Global Platts, Mr. Perona recalls the importance of the Australian market.
It is indeed a high-potential market with significant solar and wind resources.
The Royalla solar farm south of Canberra, connected to the grid in 2014, is a perfect illustration.
It is also one of Blueshore’s assets.
With this purchase, RES increases its capacity by 1.6 GW in wind and solar assets.
Prior to this transaction, the company already had a portfolio of over 1.5 GW in Australia.
To this must be added a development portfolio of over 4.7 GW.
According to Mr. Perona, this type of transaction could continue in the near future.
He mentions Norway, Sweden, Spain and Italy as potential priority markets.
Although RES is already present in Germany, he also states that he intends to strengthen the company’s presence there at a later date.
