RES and Octopus Renewables sign three-year contract for clean energy in UK

RES and Octopus Renewables have signed a three-year spares management contract which will see RES supply inverter spares for the clean energy investor’s solar assets in the UK.

The agreement requires RES to own over 1000 spare parts that are compatible with Octopus Renewables’ inverter fleet and deliver these on-demand within a guaranteed time period. This provides substantial availability improvement and commercial advantage for 640 MW of Octopus’ UK solar portfolio.

To support this and other recent growth, RES opened an operations and maintenance (O&M) site in Exeter earlier this year. The new 2000 sq ft facility enables enhanced spare parts management for all RES’ clients as well as office facilities for the team locally.

In October RES and Octopus Renewables had extended their partnership to a total of 503 MW of operational assets after two new wind farm asset management contracts and a portfolio of solar O&M work was awarded to RES. RES won O&M contracts for 42 Octopus Renewables solar farms in the UK, representing a significant share of Octopus’ UK solar portfolio.

“We’re thrilled to be offering Octopus a unique multi-vendor spares management service along with a delivery guarantee for a large portion of its solar sites in the UK. When combined with our O&M service, the centralized parts management provides uninterrupted performance for solar assets for a much lower cost than the traditional approach.

“When equipment is offline due to lack of spare parts, it has a negative impact on energy generation. This new arrangement will actively support the production of much more green power and help Octopus’s assets perform more efficiently. It has taken significant time and effort to design, agree and implement this novel and sophisticated parts management process from scratch. I’d like to thank those involved from both RES and Octopus for making this possible.”

Brian Darnell, head of solar and storage O&M at RES.

“We have developed a great working relationship with RES over the past five years and we’re really pleased to build on this with the introduction of a bespoke spares management system. We look forward to continuing to work alongside RES who share our focus for driving a future powered by renewable energy.”

Thomas Rosser, asset management director at Octopus Renewables.