Hanwha Solutions to acquire RES France

Hanwha Solutions plans to buy renewable energy producer RES France for EUR700 million (U$822.4 million) in a deal that is expected to close in October 2021.

RES France is a renewables business, which is part of the RES Group, a corporation based in the United Kingdom. RES France is focused on the development and construction of onshore and offshore wind, photovoltaic plants as well as energy storage systems. 

Hanwha will acquire RES France’s wind and solar power projects, totaling roughly 5 GW of generation capacity, under the terms of the agreement.