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London, [4] March 2024 – RES, the world’s largest independent renewable energy company, has completed the acquisition of Ingeteam’s renewable service division. The deal expands RES’ operations to 24 markets and makes it the largest independent renewable energy services.

London, [4] March 2024 – RES, the world’s largest independent renewable energy company, has completed the acquisition of Ingeteam’s renewable service division. The deal expands RES’ operations to 24 markets and makes it the largest independent renewable energy services.

London, [4] March 2024 – RES, the world’s largest independent renewable energy company, has completed the acquisition of Ingeteam’s renewable service division. The deal expands RES’ operations to 24 markets and makes it the largest independent renewable energy services provider in the world. RES.

Ingeteam has sold its operation and maintenance (O&M) division to UK-based RES Group. It say the 35 GW renewable assets are worth €35 billion ($38.2 billion). UK-based multinational renewable energy company RES Group has acquired the service division of Spain's Ingeteam, in a move that gives RES.

The deal expands RES’ operations to 24 markets and makes it the largest independent renewable energy services provider in the world. RES serves over 40 GW of operations and maintenance (O&M) and Asset Management contracts globally, underscoring its commitment to enabling a zero carbon energy.

Ingeteam has sold its operation and maintenance (O&M) division to United Kingdom-based RES Group. It says the division’s 35 GW of O&M contracts throughout the world are valued at $58.55 billion (€35 billion). UK-based multinational renewable energy company RES Group has acquired the service.

Spanish electrical engineering company Ingeteam SA is selling its renewable service division to UK-based renewables group RES to focus on developing power conversion technologies. Source: Ingeteam. License: All Rights Reserved. RES said on Tuesday that the parties have signed a sale and purchase.

RES, the world’s largest independent renewable energy company, today announces it will acquire Ingeteam’s Renewable Service division. This announcement follows the signing of a Sale and Purchase Agreement (SPA) between both parties. Upon completion, RES will have £30bn (€35bn) of assets under.

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