RES celebrates two new asset management agreements

RES, the world’s largest independent renewable energy company and industry innovator for over 40 years, has signed two new asset management agreements with Octopus Energy Generation for the Crossdykes Wind Farm and Cumberhead Wind Farm they manage in Scotland. Both agreements will see RES provide technical, commercial and financial asset management for each site.

Located in Dumfries and Galloway, Crossdykes has been operational since 2021. Crossdykes Wind Farm has an overall installed capacity of 48MW, comprising of 10 Nordex turbines. The project was acquired by Octopus Energy Generation on behalf of Octopus Renewables Infrastructure Trust (ORIT) and the Sky fund (ORI SCSp) in 2022.

Darren Cook, UK&I Asset Management Director, commented: “RES provided asset management services for previous owners; therefore, we are extremely pleased to be strengthening our partnership and continuing our valued asset management service at Crossdykes with new asset owner Octopus Energy Generation”.

Octopus Energy Generation’s Cumberhead Wind Farm is also managed on behalf of ORIT. It is situated in South Lanarkshire and is currently under construction. Once installed, Cumberhead will have a capacity of 50MW. The full-scope asset management contract starts later in 2023.