Publications

Ørsted acquires first Irish solar project
Transactions - AUGUST 30, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Ørsted acquires first Irish solar project

by Kali Persall

Ørsted has acquired its first solar project in Ireland, as part of an agreement with renewable-energy developer Terra Solar.

Located between Carrigaline and Cork City, the Ballinrea solar project will power up to 16,000 homes — the same number of new homes planned to be built in Cork City between 2022 and 2028.

Once operational, the Ballinrea Solar Farm is expected to add an additional 65 megawatts of solar to Ørsted's goal of 17.5 gigawatts of onshore renewables by 2030.

“For Ireland to ensure energy resilience and deliver its 2030 energy targets, it is essential that multiple technologies are delivered in tandem, from solar and onshore wind to offshore wind and storage,” said Kieran White, vice president, Ørsted Europe Onshore. “This is a key priority for Ørsted, both in Ireland and overseas. Projects such as Ballinrea pave the way, but significant investment in our electricity grid is required to match the ambition of government targets, continue

Forgot your username or password?