Hanwha Solutions to acquire the French renewable energy development and construction business of RES Group.

Hanwha Solutions, a multinational energy services, petrochemical, and real estate development company, agreed to acquire the French renewable energy development and construction business of RES Group, the world’s largest independent renewable energy company. Financial terms were not disclosed. "Upon completion, the capital raised will help strengthen RES position as we look to accelerate the growth of the business globally by expanding our Development Portfolio and Support Services offering. We look forward to seeing the continued success of the team in France under the contemplated new ownership and the potential of partnering with Hanwha Solutions in the future," Gavin McAlpine, RES Chairman.