Sustainability Partners (SP), a Public Benefit Company renowned for its commitment to advancing sustainable infrastructure, has announced its appointment to oversee the day-to-day operational management of the Ecofin U.S. Renewables Infrastructure Trust PLC (RNEW). Listed on the London Stock Exchange, RNEW is an investment company dedicated to owning and managing a diversified portfolio of utility-scale renewable energy assets.
Under this new agreement, SP will not only handle the daily business operations of RNEW but will also focus on enhancing the management of its renewable energy assets. Responsibilities will include supervising operations and maintenance (O&M) managers, coordinating with asset management service providers, and ensuring that the performance of the assets in RNEW’s portfolio is optimized.
SP brings a wealth of experience in infrastructure asset management, positioning the company to maximize the uptime and operational efficiency of RNEW’s diverse portfolio. Notable assets include the Whirlwind Wind Farm located in Texas, a substantial 59.8 MW wind project featuring 26 turbines and associated infrastructure. Additionally, the portfolio encompasses the Beacon Portfolio in California, which consists of two solar projects with a combined capacity of 107.8 MWdc—Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc). All assets operate under fixed-price power purchase agreements (PPAs) with investment-grade electric utilities, providing stable revenue streams.
“We are excited to partner with RNEW, which highlights our commitment to building the infrastructure backbone of a cleaner energy future,” stated John Veech, CEO of SP. “We look forward to leveraging our expertise to ensure long-term value and reliability across utility-scale renewable energy assets.”
This collaboration signifies a strategic move for both parties, aiming to enhance operational efficiency and contribute to the transition towards a sustainable energy landscape.
