R-Gen Renewables Ltd (“R-Gen Renewables”) announces an equity investment by RWE Energy Transition Investments UK Ltd, a wholly owned subsidiary of RWE Supply & Trading GmbH (“RWE”), the energy trading arm of the Germany based but worldwide active power producer. RWE’s investment will fund the growth of R-Gen Renewables’ pipeline of repowering onshore wind projects in the UK.  

Tom Forsyth, co-founder and CEO of R-Gen Renewables said: “We are very pleased to have found a strong financial backer in RWE Energy Transition Investments. We see substantial growth in the renewable energy industry, both from investors and electricity buyers and RWE’s investment and strong balance sheet will allow us to execute our strategy.  Their deep knowledge of energy investments across the globe will provide valuable strategic guidance, and their commitment illustrates the energy industry’s expectations of renewed growth in onshore wind in the UK.”

R-Gen Renewables has signed agreements with long established Green Cat Renewables to provide technical, planning and development expertise, and the highly experienced team at Rockfield Energy to provide commercial and financial management. 

Costas Papamantellos, Head of RWE Supply & Trading’s Energy Transition Investments, commented: “We are excited to be making our first investment in the R-Gen Renewables management team as they leverage their experience from previous successes together in the UK onshore wind sector. The team is uniquely positioned to capitalize on the growth opportunity in this market and is an ideal platform for us, particularly as our strategy going forward is to focus exclusively on investing in companies and assets that support the energy transition.”