MARUBENI AQUIRES UPPER OGMORE FROM RES

The world’s largest independent renewable energy company, RES, has announced today the acquisition of its 25MW Upper Ogmore Wind Farm and energy storage project in South Wales, by Marubeni.

Welsh Ministers approved the scheme, located near Blaengarw and Nant-y-Moel in Bridgend in September 2022. Upper Ogmore was the first onshore wind project to be considered under the Developments of National Significance planning process. RES had been progressing proposals for the seven-turbine wind farm and energy storage project since 2017 from its Cardiff office.

John Boyce, Development Director for Wind in the UK&I, said: “We’re really pleased to partner with Marubeni to help deliver Upper Ogmore, a project that will produce clean, secure electricity for thousands of homes.

“This month the world experienced its three hottest days on record and it is projects like Upper Ogmore that will deliver the practical solutions to climate change, while simultaneously creating cheap electricity and investing millions in the Welsh economy.”

Tomoki Nishino, President & CEO of Marubeni Europower Limited, added: “RES has a long and proud history of developing, constructing and operating renewable energy projects in the UK, as well as around the globe. That knowledge and experience is invaluable, so we know RES has developed a good project in Wales. Marubeni plans to sign an MoU with the UK government which envisages approximately £10 billion of investment in the UK with its partners over the next 10 years. This project would be one of the forefront projects to realise our ambition.”

RES has been active in Wales since the early 1990s and has developed and/or constructed five onshore wind farms in the country.

For further information about the project, visit www.upperogmore-windfarm.co.uk.

ENDS

Notes to editors:

About RES

RES is the world’s largest independent renewable energy company and is active in onshore and offshore wind, solar, energy storage, green hydrogen, transmission and distribution. As an industry innovator for over 40 years, RES has delivered more than 23GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 12GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured over 1.5GW of corporate power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs over 2,500 passionate people and is active in 14 countries. Visit www.res-group.com

About Marubeni

Marubeni Corporation is a leading global trading and investment company, headquartered in Tokyo, Japan. With over a century of history, Marubeni has established a diverse portfolio of businesses across various industries, including renewable energy, low carbon infrastructure, food, chemicals, minerals and more. The company’s commitment to sustainability and renewable energy reflects its dedication to addressing global challenges and creating value for society. Marubeni currently owns and operate c. 36.5 GW(Gross) of generation worldwide including one of the world`s largest solar farm in UAE. Marubeni employs c. 46,000 people within its group worldwide. Visit https://www.marubeni.com/en/

CONTACT FOR FURTHER INFORMATION:

Callum Whiteford

+44 (0) 141 404 5560

+44 (0) 7500 937925

[email protected]