• Add Company
    • Unites States
    • Canada
    • Australia
    • Europe
    • Asia
    • Latin America
    • Middle East & Africa
  • Add Job
  • Add Event
Solar Business Hub
  • Twitter
  • Facebook
  • Pinterest
  • Instagram
  • Mail
  • Rss
  • HOME
  • SOLAR COMPANIES DIRECTORY
    • FIND SOLAR COMPANIES
    • LIST YOUR SOLAR COMPANY
  • SOLAR EVENTS DIRECTORY
    • FIND SOLAR EVENT
    • LIST YOUR EVENT
  • JOBS
  • NEWSROOM
    • SOLAR INDUSTRY NEWS
    • SUBMIT PRESS RELEASE
  • RESOURCES
  • CONTACT
    • ABOUT US
  • Search
  • Menu Menu
  • HOME
  • SOLAR COMPANIES DIRECTORY
    • FIND SOLAR COMPANIES
    • LIST YOUR SOLAR COMPANY
  • SOLAR EVENTS DIRECTORY
    • FIND SOLAR EVENT
    • LIST YOUR EVENT
  • JOBS
  • NEWSROOM
    • SOLAR INDUSTRY NEWS
    • SUBMIT PRESS RELEASE
  • RESOURCES
  • CONTACT
    • ABOUT US
German RWE among the top 3 developers in the UK with aquisition of JBM Solar

German RWE among the top 3 solar developers in the UK with acquisition of JBM Solar

March 6, 2023/in Business/by Solar Business Hub

Germany-based renewable energy company RWE announced the acquisition of London-headquartered independent developer of solar and battery storage systems JBM Solar, placing the company among the top 3 solar developers in the United Kingdom.

JBM Solar was acquired from London-based renewables investor Susgen. With the acquisition of JBM Solar, RWE takes over a mature pipeline with a combined capacity of around 6.1 gigawatts (GWac), split into 3.8 GWac of solar and 2.3 GWac of battery storage projects.

Most of the projects are in the central and southern regions of England, and a large proportion already have grid connections and land secured.

A number of projects are ready for final investment decision and have secured the necessary planning approvals from the relevant authorities. The first solar and battery storage projects could be operational as early as the end of 2024, and it is expected that about 450 megawatts (MWac) per year will be commissioned.

With this acquisition, RWE aims to expand its renewables business in the United Kingdom, where it plans to invest around £15 billion earmarked for the UK.

The UK is expected to see significant growth in solar and batteries, with the government targeting a five-fold increase in solar capacity over the next 13 years, from 14 GW today to 70 GW in 2035. The government also has ambitious goals for the expansion of battery storage: its capacity is expected to more than quadruple within four years – from 1.5 GW today to 6.5 GW in 2026.

RWE already has a strong footprint in UK wind power, with a combined capacity of more than 2.6 GW (RWE pro-rata) consisting of 10 offshore and 33 onshore wind farms in operation. With further offshore wind projects under construction or development and plans to establish commercial scale floating wind farms including in the Celtic Sea, RWE has one of the largest offshore wind pipelines in the UK.


Source: Press release by RWE.

 

 

Tags: acquisitions, Europe, RWE, solar PV, UK
You might also like
Desert Technologies expands its investments to France, Greece and Kazakhstan
United States surpasses 2 million solar installations and forecasts expect them to double by 2023
Sonnedix achieves financial close on 36.4MW Kurayoshi solar PV plant in Japan and will begin construction
Convergent Energy + Power supports Puerto Rico’s renewable energy goals through solar generation
Sympa Solar signs PPA for 8MW solar PV power plant in Bangladesh
Growatt opens new solar inverter and battery manufacturing facility in Vietnam Growatt opens new solar inverter and battery manufacturing facility in Vietnam

NEWSLETTER

Subscribe to our Newsletter & Stay Updated with the Latest Solar Industry News and Upcoming Events.
Publish solar industry press releases
40th European Photovoltaic Solar Energy Conference & Exhibition (EU PVSEC 2023)
List solar industry company in directory
List solar industry event in directory

Find Solar Companies

  • United States
  • Canada
  • Europe
  • Australia
  • Middle East & Africa
  • Latin America
  • Asia
Solar Busines Hub

Add Solar Company

  • United States
  • Canada
  • Europe
  • Australia
  • Middle East & Africa
  • Latin America
  • Asia

Solar Industry Events

  • Find Solar Industry Events
  • Post Solar Industry Events

Solar Industry Resources

  • Solar Industry Reports
  • Solar Research Centers
  • Solar Energy Glossary
  • Solar Associations

Latest Solar News

  • Solar Industry News
  • Solar Industry Press Releases
  • Submit Press Release
  • Newsletter

Solar Industry Job Board

  • Find Solar Jobs
  • Post Solar Jobs
© Solar Business Hub is a trading name of Solstice Media, Ltd. Incorporated in England & Wales. Registration No. 09696369.
  • Twitter
  • Facebook
  • Pinterest
  • Instagram
  • Mail
  • Rss
  • Home
  • About
  • Terms
  • Contact
  • RSS Feed
Seraphim releases new TOPCon series of solar PV modules globallySeraphim releases new TOPCon series of solar PV modules globally
Scroll to top