Introduction
The renewable energy sector is one of the most exciting and dynamic sectors of the economy today. With the world facing a climate crisis, the need to transition to a clean energy future is more urgent than ever.
Two of the leading players in the renewable energy space are RES Group and Evercore. RES Group is a global renewable energy developer and investor, while Evercore is a leading global investment bank and investment management firm with a dedicated renewable energy team.
Both companies have been involved in a number of notable renewable energy deals in recent years, and they are well-positioned to capitalize on the continued growth of the sector. This article will take a closer look at RES Group and Evercore, and explore some of the deals they have been involved in.
RES Group
RES Group is a leading global renewable energy developer and investor with a presence in over 20 countries. The company has a long track record of success in developing and operating wind, solar, and battery storage projects.
Some of RES Group's recent notable deals include:
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Corriegarth Wind Farm: RES Group developed the 60 MW Corriegarth Wind Farm in Scotland, which is expected to generate enough electricity to power approximately 45,000 homes annually. The project was completed in 2022 and involved the installation of 16 GE turbines.
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Rattlesnake Wind Farm: RES Group acquired the 50 MW Rattlesnake Wind Farm in Texas, USA, in 2021. The project is expected to generate enough electricity to power approximately 14,000 homes annually. The project is currently under construction and is expected to be completed in 2023.
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RES Group acquired by Global Infrastructure Partners (GIP): In 2021, RES Group was acquired by GIP, a leading global infrastructure investor. This acquisition will provide RES Group with the capital and resources it needs to continue to grow its renewable energy business.
Evercore
Evercore is a leading global investment bank and investment management firm. The company has a dedicated renewable energy team that provides financial advisory and investment services to clients in the sector.
Some of Evercore's recent notable renewable energy deals include:
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Advised on the sale of a 50% stake in the 1.3 GW Clyde Wind Farm to Goldman Sachs: Evercore advised SSE Renewables on the sale of a 50% stake in the Clyde Wind Farm to Goldman Sachs. The Clyde Wind Farm is one of the largest onshore wind farms in the UK.
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Advised on the acquisition of a portfolio of solar projects from EDF Renewables: Evercore advised a consortium of investors on the acquisition of a portfolio of solar projects from EDF Renewables. The portfolio has a total capacity of 1.2 GW.
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Advised on the financing of the Greenlink interconnector: Evercore advised the developers of the Greenlink interconnector on its financing. The Greenlink interconnector is a 1.4 GW subsea electricity cable that will connect the UK and Ireland.
Why are these deals important?
These deals are important because they highlight the growing investor interest in the renewable energy sector. Renewable energy is a key part of the transition to a clean energy future, and investors are increasingly recognizing the potential of the sector.
The deals also highlight the expertise and experience of RES Group and Evercore in the renewable energy sector. Both companies have a long track record of success in developing, financing, and advising on renewable energy projects.
Possible predictions for the future
The renewable energy sector is expected to continue to grow rapidly in the coming years. This is due to a number of factors, including the need to reduce greenhouse gas emissions, the declining cost of renewable energy technologies, and government support for renewable energy.
RES Group and Evercore are well-positioned to capitalize on the growth of the renewable energy sector. Both companies have the expertise, experience, and resources to help clients develop, finance, and invest in renewable energy projects.
Here are some specific predictions for the future of RES Group and Evercore in the renewable energy space:
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RES Group will continue to expand its global presence and develop new renewable energy projects in emerging markets.
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Evercore will continue to provide financial advisory and investment services to clients in the renewable energy sector. The company will also play a leading role in advising clients on the complex regulatory and environmental issues that affect the renewable energy sector.
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RES Group and Evercore will partner on more renewable energy projects in the future. The two companies have a complementary set of skills and experience, and they can offer clients a comprehensive range of services.
Conclusion
Overall, the renewable energy sector is expected to continue to grow rapidly in the coming years. RES Group and Evercore are well-positioned to capitalise on this growth and help clients develop, finance, and invest in renewable energy projects.
