Marubeni Aquires Upper Ogmore from RES

Source Press Release
Company Marubeni CorporationRenewable Energy Systems Ltd. 
Tags Asset Deals, Deals, Renewable Energy, Power
Date July 21, 2023

The world's largest independent renewable energy company, RES, has announced today the acquisition of its 25MW Upper Ogmore Wind Farm and energy storage project in South Wales, by Marubeni.

Welsh Ministers approved the scheme, located near Blaengarw and Nant-y-Moel in Bridgend in September 2022. Upper Ogmore was the first onshore wind project to be considered under the Developments of National Significance planning process. RES had been progressing proposals for the seven-turbine wind farm and energy storage project since 2017 from its Cardiff office.

John Boyce, Development Director for Wind in the UK&I, said: “We’re really pleased to partner with Marubeni to help deliver Upper Ogmore, a project that will produce clean, secure electricity for thousands of homes.

“This month the world experienced its three hottest days on record and it is projects like Upper Ogmore that will deliver the practical solutions to climate change, while simultaneously creating cheap electricity and investing millions in the Welsh economy.”

Tomoki Nishino, President & CEO of Marubeni Europower Limited, added: “RES has a long and proud history of developing, constructing and operating renewable energy projects in the UK, as well as around the globe. That knowledge and experience is invaluable, so we know RES has developed a good project in Wales. Marubeni plans to sign an MoU with the UK government which envisages approximately £10 billion of investment in the UK with its partners over the next 10 years. This project would be one of the forefront projects to realise our ambition.”

RES has been active in Wales since the early 1990s and has developed and/or constructed five onshore wind farms in the country.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd