Renew Holdings Expands into Wind Energy Market

Renew Holdings plc (GB:RNWH) has released an update.

Renew Holdings plc has strategically entered the onshore wind services market with the acquisition of Full Circle Group Holding B.V., enhancing its maintenance and monitoring service offerings across Europe. The £50.5 million acquisition is expected to bolster Renew’s position in the renewable energy sector, capitalizing on the growing demand for green energy solutions and long-term maintenance contracts. This move aligns with governmental commitments to achieve Net Zero by 2050 and is anticipated to be earnings accretive for Renew from the first full year of ownership.

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