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ENERGY & UTILITIES | Renewables / Wind
res-group.com

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Portfolio Exits

1

Partners & Customers

10

About RES Group

RES Group, Renewable Energy Systems, is an independent renewable energy company whose core activities are onshore wind, offshore wind and solar and other low carbon technologies.

RES Group Headquarter Location

Beaufort Court, Egg Farm Lane, Kings Langley

Hertfordshire, England, WD4 8LR,

United Kingdom

+44-01923-299-200

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Latest RES Group News

Goodman-owned organic meat producer objects to €30m solar farm

May 6, 2022

A Larry Goodman-owned organic meat producer, Good Herdsmen, has emerged as one of 26 parties to appeal against a grant of permission for a €30 million solar farm in Co. Tipperary. Last month, Tipperary County Council granted planning permission to Renewable Energy Systems for the development of the solar farm at Rathduff, Thomastown Demesne South, Co. Tipperary. The proposed location is 3km from Bansha village and almost 8km east of Tipperary town. The council gave the green light for the project after its case planner concluded that the project would not have an adverse impact on the character of the area, or of adjoining properties in the vicinity of the site. Over 70 objections were lodged against the scheme, with 26 parties now appealing the council decision to An Bord Pleanála. Founder of Good Herdsmen John Purcell (who continued in the role of managing director at the company after it was purchased by Goodman’s ABP in 2017) operates his 350ac organic farm adjacent to the proposed site of the solar farm. He has claimed in an objection that it “will have an adverse effect on my business”. Purcell said that the farm plays a key role in the supply chain of organic livestock into national and international markets. Speaking about the effect the proposed solar farm would have, he said: “It destroys what we have tried to achieve over the last 22 years and kills a vision I have for my farm, for my sons and future generations.” Advertisement Expanding on his objection, Purcell claimed that the solar panels proposed “have the potential to cause a catastrophic visual impact and will ruin the image that nature and Good Herdsmen have established, and worked hard to create”. According to Purcell, Good Herdsmen records annual revenues of €18 million, and is a net contributor to the local economy of €5 million in wages, rates, and payments to local contractors and local farmers. ABP’s organic beef brand Good Herdsmen operates a factory employing 20 in Cahir, with a further six employed on the organic farm and its operations. Purcell has claimed that the promoters of the solar farm propose to convert 107ac of ‘Golden Vale’ land “into a sea of plastic and metal panels”. In his objection, Purcell enclosed a letter from Bord Bia’s meat and livestock senior manager, Joe Burke. Speaking of the Purcell’s farm, Burke stated that: “It truly represents the ultimate shop window for the Irish beef sector. With this in mind, I would implore that any developments to the surrounding landscape would not detract from this experience.” Solar farm planning statement A planning statement lodged with the application states that the solar farm will produce 25MW of renewable energy, sufficient to power 6,406 homes per year. The planning statement states that the project will help Co. Tipperary fulfil its aims of increased renewable energy production and assist in the national effort to achieve legally binding renewable energy targets. The planning statement outlines that the proposed development is deemed to have struck an acceptable balance between renewable energy production and all relevant planning and environmental considerations. Others to appeal the council decision include Margaret Kennedy; Caroline and John Bourke; Caitriona Bn Ui Annraghain; Denis Pollard Jnr; South Tipperary Solar Farm Concern Group; Maria Bailey; Michael and Mary Joyce; Chris Bailey; VESI Environmental Limited; and Carol, Emma and Daisy Welsh. A decision is due on the appeals at the end of August.

RES Group Portfolio Exits

1 Portfolio Exit

RES Group has 1 portfolio exit. Their latest portfolio exit was RES Group - Ain & Puy-de-Calais-Dome Wind Farms on October 24, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/24/2017

Divestiture

1

Date

10/24/2017

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

RES Group Acquisitions

2 Acquisitions

RES Group acquired 2 companies. Their latest acquisition was Blueshore on February 07, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/7/2022

$99M

Acquired

4

3/28/2019

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$99M

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10

Date

2/7/2022

3/28/2019

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

4

10

RES Group Partners & Customers

10 Partners and customers

RES Group has 10 strategic partners and customers. RES Group recently partnered with Octopus Energy UK on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/14/2021

Partner

United Kingdom

Octopus Energy and RES boost UK green hydrogen economy with £3bn investment

Octopus Renewables Co-Head , Alex Brierley said , `` The supply of green hydrogen will be critical to the success of many industries in meeting the UK 's net zero targets and with this partnership we are providing a solution for those businesses to help deliver on the government 's ambitions .

1

9/15/2021

Vendor

Denmark

Retrofitting 20 turbines in Northern Ireland.

RES has chosen KK Wind Solutions to provide 20 control retrofit kits , including documentation , training and remote support for 20 Bonus 1.3 MW wind turbines at the Altahullion site in Northern Ireland , owned by TRIG .

1

9/15/2021

Partner

United States

RES, Qubit Engineering collaborate on wind farm layout optimization

RES and Qubit Engineering have started collaborating to optimize some wind farm layouts in RES ' development portfolio with support from quantum optimization technology developed by Qubit Engineering .

2

8/31/2021

Vendor

Denmark

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10

7/21/2020

Client

Switzerland

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10

Date

10/14/2021

9/15/2021

9/15/2021

8/31/2021

7/21/2020

Type

Partner

Vendor

Partner

Vendor

Client

Business Partner

Country

United Kingdom

Denmark

United States

Denmark

Switzerland

News Snippet

Octopus Energy and RES boost UK green hydrogen economy with £3bn investment

Octopus Renewables Co-Head , Alex Brierley said , `` The supply of green hydrogen will be critical to the success of many industries in meeting the UK 's net zero targets and with this partnership we are providing a solution for those businesses to help deliver on the government 's ambitions .

Retrofitting 20 turbines in Northern Ireland.

RES has chosen KK Wind Solutions to provide 20 control retrofit kits , including documentation , training and remote support for 20 Bonus 1.3 MW wind turbines at the Altahullion site in Northern Ireland , owned by TRIG .

RES, Qubit Engineering collaborate on wind farm layout optimization

RES and Qubit Engineering have started collaborating to optimize some wind farm layouts in RES ' development portfolio with support from quantum optimization technology developed by Qubit Engineering .

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Sources

1

1

2

10

10

RES Group Team

6 Team Members

RES Group has 6 team members, including former Chief Executive Officer, President, Glen Davis.

Name

Work History

Title

Status

Glen Davis

Chief Executive Officer, President

Former

David Povall

Chief Executive Officer

Former

Patrick Welch

Chief Financial Officer

Former

Chantelle Ludski

ARCADIS, Maitland, and Bowmans Law

Chief Administrative Officer

Former

Robert Morgan

Executive Vice President

Former

Name

Glen Davis

David Povall

Patrick Welch

Chantelle Ludski

Robert Morgan

Work History

ARCADIS, Maitland, and Bowmans Law

Title

Chief Executive Officer, President

Chief Executive Officer

Chief Financial Officer

Chief Administrative Officer

Executive Vice President

Status

Former

Former

Former

Former

Former

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