The planned projects will build on more than 600 MW of solar projects currently being developed in Ireland by Ørsted. (Source: Ørsted)
Ørsted said Sept. 18 it has partnered with Dublin-based Terra Solar to develop 400 megawatts (MW) of solar energy projects in Ireland.
The partnership comes as Ørsted continues to expand across Europe, having recently entered the U.K. solar market last week. Working with renewable energy developer Terra Solar, the two companies could produce enough electricity to power more than 90,000 homes in Ireland. The companies aim to complete the solar projects by 2030.
“Ireland has seen several amber alerts on warm summer days with low wind speeds, the cost of electricity is too high due to over-reliance on fossil fuels, and the carbon intensity of Ireland’s electricity is among the highest in Europe,” said TJ Hunter, senior director of development and operations in the U.K. and Ireland for Ørsted. “To solve these issues and reduce our reliance on fossil fuels, we need to grow solar energy in parallel with onshore wind, offshore wind and energy storage.”
Ørsted said electricity produced from the projects could go to market via corporate power purchase agreements, future Renewable Electricity Support Scheme (RESS) auctions or other routes.
The planned projects will build on more than 600 MW of solar projects currently being developed in Ireland by Ørsted. The company said it also has 378 MW of onshore wind in Ireland.
Recommended Reading
COP28: Victories, Challenges Still Facing Climate Agenda
2023-12-01 - COP28 gives the private sector—including those from the oil and gas industry—and other delegates an opportunity to chime in on the global climate agenda set by world leaders.
Bryan Sheffield: Asset Sellers Need Bid/Ask Therapy
2023-12-01 - Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”
International Petroleum Adds Deborah Starkman to Board
2023-11-30 - International Petroleum Corp. previously announced William Lundin’s appointment to the board effective Jan. 1, 2024. With both Starkman and Lundin’s addition, IPC’s board will be increased to eight directors.
Petrobras Eyes Capex of $102B Under New Strategic Plan
2023-11-28 - Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
Capstone Appoints Emer Higgins as New VP of Operations
2023-11-28 - Emer Higgins will oversee Capstone Green Energy’s manufacturing, procurement/planning, warehouse, environmental, health/safety and facilities departments.