RES wins O&M contracts from Octopus Energy Generation
RES,has migrated over 50 operation and maintenance (O&M) contracts to long-term agreements. This follows a period of successful delivery and collaboration with the fund management team within Octopus Energy Generation, who are one of Europe’s largest investors in renewable energy. In total RES will now deliver services for 60 solar farms in this portfolio sized at 385MW, located in the UK.
As part of the long-term contracts, RES will manage High Voltage services in-house, in addition to providing an enhanced spare parts management service and standalone ‘specialist inverter defect rectification services’ on several solar farms in the non-RES part of the Octopus portfolio.
RES now provides O&M services on nearly half of Octopus’ UK solar portfolio and has helped further improve the performance of the portfolio since the partnership began.
In addition, RES has rolled out a programme of cyber security upgrades and reliability engineering studies. RES is also supporting Octopus with their Environmental, Social and Governance (ESG) goals around biodiversity in particular, including the facilitation around the delivery of a programme of biodiversity studies and subsequent biodiversity enhancements.
RES will deploy the broad range of skills and expertise developed over 40 years of operations to add further value to this portfolio.
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