RWE, the UK’s largest power generator and renewables developer, has acquired JBM Solar, a prominent independent developer of solar and battery storage systems.
This acquisition significantly expands RWE’s solar and battery capabilities, further diversifying its UK portfolio with mature projects totaling 6.1 GWac capacity split between 3.8 GWac of solar and 2.3 GWac of battery storage.
Many of the projects are in central and southern England, with grid connections and land already secured. The acquisition aligns with RWE’s strategy to grow and increase its green business in the UK, with ambitious goals set by the UK government to increase solar and battery capacity.
RWE has already established a strong footprint in UK wind power and plans to invest more than €50 billion gross by 2030 to grow its green core business internationally, with around £15 billion earmarked for the UK.
Katja Wünschel, CEO Onshore Wind and Solar Europe & Australia of RWE Renewables “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.”
