Harmony Energy targets portfolio growth after minor share sale

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Altered Energy – Alternative Energy news

Published: 15 Oct 2020, 12:55

Image: Harmony Energy.

Harmony Energy is setting its sights on rapidly expanding its portfolio of projects in the UK, thanks to an investment from Ritchie Bland Energy (RBE).

The later has become a minority shareholder in Harmony Energy, in a move that will also see James Ritchie join the energy company’s board as a director.

Peter Kavanagh, CEO of Harmony Energy welcome RBE into the “Harmony family.”

“We believe as an investor, RBE can bring the right support and experience we need to accelerate the development of our pipeline and further help expand the business globally as we continue to build, own and operate utility-scale renewable assets.

“The world is looking towards a greener, more sustainable energy transition, and this is a clear focus Harmony will be supporting.”

Bland is the former CEO of offshore energy technology company the Tekmar Group, and the current chairman of offshore wind company Energi Coast as well as CEO of RBE.

He said it was a privilege to be working with the Harmony team as the company has “developed a very impressive pipeline of both solar and battery projects, demonstrating a unique understanding of the complex energy market, and are working with some big names in the industry like Tesla and FRV”.

“We hope together we can continue to develop and expand the pipeline of projects to support the UK on its journey to net-zero.”

The appointment of Bland and the commitment to expanding Harmony’s portfolio follows the news that the two companies were developing a 49.5MW solar site in Richmondshire, North Yorkshire in August.

Harmony has announced a number of projects in 2020, including a 49.5MW lithium-ion battery storage system in Salisbury, Wiltshire in March.

Original Source

Altered Energy – Alternative Energy news