Renewable Energy Systems (RES), one of the world’s leading independent renewable energy project developers, is celebrating being awarded the Queen’s Award for Enterprise in the International Trade category. This prestigious award is in recognition of RES’ extraordinary business success in growing revenues from international markets and is the second Queen’s Award RES has won since 2005.
RES has developed and/or constructed more than 100 individual wind farms around the world with a combined capacity of nearly 7,000 MW. Of this, more than 5,800 MW is in North America, over 600 MW in the UK and approximately 800 MW across the rest of Europe.
Success in established wind power markets has enabled RES to expand into new markets and RES has recently achieved its first sales in Canada, Sweden and Turkey. Overseas sales have increased by 352% over the last six years, 80% of which are from North America. The company’s success has been driven by its ability to act quickly and decisively when market conditions are right, adapt to changing market conditions and structure its portfolio of developments accordingly.
Dr. Ian Mays MBE, Chief Executive Officer, says:
“We are absolutely delighted with to win such a prestigious award. As shown by our increased sales and staff numbers, RES is a true British success story and we feel that this is a testament to the policy environment in the UK which, over the past two decades, encouraged investment in renewable energy and allowed a new business to expand to significance on a global level. We hope that this type of environment will continue to nurture organisations like ours in the future”.
[mappress]
Press release, May 3, 2013; Image: res-group