Co Monaghan based renewable energy services firm, NRG Panel, has purchased Galway based JFW Renewables. With headquarters in Loughrea, JFW installs solar PV, battery and EV charging services around Ireland. The company also employs around 50 people, bringing the total numbers employed by NRG Panel to around 125. Diversified renewable energy group NRG Panel based in Castleblayney recently revealed its plans to create up to 125 new highly skilled jobs across the island of Ireland within the next three to five years. The local business previoulsy stated to Northern Sound that they are "investing heavily" to drive the next stage of its growth, including plans to double business within the next three years, supported by its investor - private equity firm Melior Equity Partners. Irish private equity firm, Melior Equity Partners, which partnered with NRG Panel in October of last year, is also supporting the deal between NRG Panel and JFW Renewables.
A statement issued by NRG Panel stated; "We're thrilled to announce that NRG Panel has taken a giant leap towards a greener future by acquiring Galway-based JFW Renewables. This strategic move solidifies our commitment to sustainable energy solutions, amplifying our efforts to revolutionise the renewable energy landscape in Ireland and beyond. By joining forces with JFW Renewables we're not only expanding our reach but also enhancing our expertise, ensuring that we can deliver even more innovative and efficient solutions to our valued customers. This acquisition marks a significant milestone in our journey towards a cleaner, brighter tomorrow. Together with the JFW team, we're poised to make a lasting impact on the environment while empowering communities to embrace renewable energy solutions."
