RWE Acquires JBM Solar


               RWE has acquired JBM Solar, a developer of solar and battery storage systems, in the UK. With the acquisition of the company, RWE has taken over a mature pipeline with a combined capacity of around 6.1GW, split into 3.8GW of solar and 2.3GW 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. This means that the first solar and battery storage projects could be operational as early as end of 2024 RWE expects that on average about 450MW per year will be commissioned. Katja Wünschel, CEO Onshore Wind and Solar Europe & Australia of RWE Renewables, said: “We are already well positioned in offshore and onshore wind in the UK.

               “Now we are significantly strengthening our renewables business by adding this already very advanced solar and battery pipeline. “The combined development pipeline, one of the largest in the UK, provides tremendous opportunities for sustainable and value accretive growth. “The first projects could be delivering electricity as early as next year. “I´m very pleased to welcome our new colleagues from JBM Solar and to jointly driving forward the green expansion of RWE in the UK.” The JBM Solar business comes with a team of around 30 professionals. Headquartered in London and founded in 2012, the team has expertise across the entire development process from land acquisition to construction readiness. JBM Solar was acquired from London-based renewables investor Susgen. RWE already has a footprint in UK wind power, with a combined capacity of more than 2.6GW (RWE pro-rata) consisting of 10 offshore and 33 onshore wind farms in operation.





Credits: [Image: RWE]

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