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REG signs BlackRock asset management contract

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REG Power Management has signed an asset management contract with BlackRock for the recently constructed 18MW Batsworthy Cross Wind Farm in Devon, England. 

Batsworthy Cross joins the 26MW Glens of Foudland wind farm acquired by BlackRock from Centrica earlier this year. 
Last month BlackRock also appointed REG as the asset manager for four solar projects totalling circa 63MWp, adding to five existing ground-mounted solar PV assets under management by REG for BlackRock funds.
REG Asset Management now has around 20 wind and 14 solar projects under management across the UK, taking the total managed capacity to nearly 260MW. 
Steve Higman (pictured), head of operating projects for REG Power Management, says: “Our ability to provide the full suite of asset management services, including financial and commercial management, in addition to technical operations and stakeholder management has brought strong growth to our business. Our numbers will expand again next quarter with the addition of a further 33MW of onshore wind having been developed and built in-house by the REG construction management team.”

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