Sale of Wood Energy to Strong Energy Solution

RES is pleased to confirm the sale of Bristol-based Wood Energy Limited to Strong Energy Solution Limited on 19th June 2013.
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OXFORD, U.K. - Aug. 14, 2013 - PRLog -- During a recent strategic review of business operations, RES concluded that to remain successful Wood Energy required an expansion of its capability beyond its traditional construction clients.  In a rapidly changing sector, the most efficient way to achieve this was with a direct association with a building services and installation business.  However, this evolution moved Wood Energy further away from RES’ core business of developing and constructing major grid connected power projects and providing services to major commercial and industrial energy clients.  Therefore, the Board approved the sale to Strong Energy Solutions, a Mechanical and Electrical business based in York.

Mike Atkinson, Managing Director of RES On-site Ltd, said:

“RES successfully professionalised Wood Energy such that it was able to operate sustainably as a standalone business. As a direct result of our employees’ hard work and commitment, I believe that Wood Energy is positioned to continue its success in this sector.”

 

ENDS

 

Notes to editors:

1.     RES is one of the world’s leading independent renewable energy project developers with operations across Europe, North America and Asia-Pacific.  At the forefront of wind energy development for over 30 years, RES has developed and/or built over 7.5GW of wind energy capacity worldwide.  In the UK alone, RES currently has more than 1GW of onshore wind energy either constructed, under construction or consented.  The RES Group is active in a range of renewable energy technologies including utility-scale biomass, solar, wave and tidal grid connected power projects. For more information, visit www.res-group.com

2.     Wood Energy Ltd was formerly a subsidiary of RES On-site Ltd.  It has deployed commercial-scale biomass heating systems throughout the UK and ROI since 2002.  At the point of sale, it had successfully installed over 340 systems (equivalent to a heating capacity of 85MW) and was sector leading in terms of its technical capabilities and project delivery record.

3.     Strong Energy Solution Limited is a growing renewable energy group based in York. It has successfully installed a range of commercial-scale renewable energy solutions including solar pv, biomass, and CHP systems over the past number of years.

CONTACT FOR FURTHER INFORMATION:

Simon Reader

Head of Group Communications & Marketing, RES


+44 (0)1923 299 471

+44 (0) 7880 357 571

simon.reader@res-ltd.com

 
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