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 future.

The deal adds to RES’ distinctive breadth of services to the solar, wind, BESS, biomass, hydro, and hydrogen industries and expands its global reach into 10 new markets with the addition of Brazil, Mexico and Spain. RES will couple its new scale with continued investment in its innovative technology-enabled ecosystems, data, analytics, machine learning and AI to further improve both maintenance and asset efficiency. The deal creates a new leader in speed, delivery and depth of renewables services, whilst driving down costs through scale advantages and inventory management.

“The combination of Ingeteam’s and RES’ technological expertise and international reach will allow us to provide the full range of renewables services required”, highlighted RES CEO, Eduardo Medina.

The deal marks the launch of RES’ global services business, which will be led by newly appointed CEO Juan Gutiérrez, from May 2024.

Ingeteam CEO, Adolfo Rebollo, said that decision to divest O&M Renewable Services division enabled Ingeteam to further focus and invest on developing Power Conversion Technology. “ The solid proposal we received from RES is aligned with our vision for the business and values. We will continue supporting our clients towards the electrification of a sustainable future using our technology, including power electronics, control electronics and rotating machines”, he added.

RES is uniquely positioned to meet this challenge with over 40 years of experience in delivering and servicing complex projects. Now, in conjunction with Ingeteam’s service division RES is strongly positioned to unlock additional potential for technology driven solutions.  Alongside its service provision, RES remains committed to playing its part in increasing the pace of renewable energy deployment and plans to bring 22GW of new capacity online in the next five years from its pipeline, in addition to the 24GW it has delivered to date.