Probably the easiest way to enter a previously untapped wind energy market for any company is to buy pre-allocated wind energy capacity. The model allows a company to invest capital and create a presence on such a market quickly (skipping all the work and waiting on permits and studies), creating opportunity for further engagement. RES has announced the acquisition of 300 MW of wind power generating capacity in South Africa, where the company previously hasn't had a presence in the wind energy market. The acquired capacity is still in the development phase. RES has formed a fully-owned subsidiary in SA called RES South Africa, through which RES will continue the development of the wind facilities to their completion.

RES South Africa is headquartered in Cape Town, and has started building a local team that will work on the development of the mentioned projects, but also assess further opportunities for the company in South Africa.

South Africa is one of the global regions which is expected to experience significant growth in the renewable energy market. The country has made commitments about reaching renewable energy goals in the near future, the consequence of which is the expected growth of the market there. Additionally, South Africa is facing a rapidly growing demand for energy, and needs all the additional sources of energy it can develop to satisfy rising demand.

[source: RES Group, image: GENI]