Friday, November 15, 2019

Parkwind, ESB Partner on Irish Offshore

January 25, 2019

Image: Parkwind

Belgian developer Parkwind has reached an agreement with Irish state-owned utility ESB to collaborate on the 330MW Oriel and 500MW Clogherhead wind farms off the coast of Ireland.

The Irish utility has agreed to acquire an interest of up to 35% in the Oriel windfarm, which is 22km off the coast at Dundalk. The windfarm will have up to 330MW capacity and feature 55 large turbines.

Once operational, the Oriel Windfarm will generate enough capacity to cover the needs of approximately 280,000 households - most of the population in counties Louth and Meath. Oriel will furthermore contribute to the reduction of Ireland’s carbon emissions by 600,000 tonnes per annum.

Parkwind, one of Europe’s offshore wind leading companies, will continue to head the project from its Dublin offices in close collaboration with ESB.

ESB and Parkwind will also work together on the Clogherhead project for which ESB holds a foreshore license to commence site investigations. Parkwind will acquire up to 35 per cent of the Clogherhead project which is intended to be developed as a unique development, under a separate planning application.

Minister for Communications, Climate Action and Environment Richard Bruton TD, who is meeting with senior ESB and Parkwind representatives this afternoon, commented: “Today’s announcement is a significant development for Ireland’s offshore wind industry. This project has the potential to deliver sustainable, clean offshore wind energy for 280,000 Irish families – equivalent to the needs of most of Louth and Meath.”

Parkwind’s co-CEO Francois Van Leeuw stated: “Since its entry into the Oriel project, Parkwind has performed a lot of development activities, opened offices in Dublin and is today delighted to welcome ESB to the Oriel project team. We look forward to working with ESB and local stakeholders in making the Oriel and the Clogherhead projects a success.”

ESB Chief Executive Pat O’Doherty said: “Under our Brighter Future Strategy, ESB is completely transforming the way we generate electricity, replacing high carbon generation with low carbon and renewable alternatives.  Today’s announcement represents a significant investment by ESB in offshore wind, which we anticipate will account for the bulk of Ireland’s future zero carbon electricity."

Our collaboration  with internationally respected developers such as Parkwind in the delivery of the Oriel and Clogherhead projects underscores our commitment to further involvement in the development and construction of offshore wind farms in both Ireland and the UK,” O’Doherty added.

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