Renewable

January 11 (Renewables Now) - Irish renewables developer DP Energy and Spanish utility group Iberdrola SA (BME:IBE) on Monday announced the opening of an office in Cork City for their Irish offshore wind joint venture.

The office was officially launched by Irish prime minister Micheal Martin.

The companies formed a joint venture in February 2021 when Iberdrola agreed to acquire a majority stake in DP Energy’s 3-GW offshore wind pipeline in Ireland of three potential 1-GW projects.

For Buttevant-based DP Energy this is a second office in Cork. Currently, the Irish offshore team includes 17 people based in Cork and the companies plan to expand it as project development progresses.

“This new office is a significant milestone in our aim to complete offshore wind projects in the seas around Ireland alongside our Joint Venture partners Iberdrola,” said DP Energy chief executive.

The partners have submitted Investigative Foreshore Licence Applications for the Inis Ealga Marine Energy Park, a floating scheme off the coast of Cork and Waterford, Clarus Offshore Wind Farm, also a floating project off the coast of Clare and Kerry, and the fixed-bottom Shelmalere Offshore Wind Farm off the coast of Wicklow and Wexford. It is hoped the projects will come onstream in the 2028-2030 period and contribute to Ireland’s target of 80% renewable electricity by 2030.

The joint venture plans to develop future offshore wind pipelines in Ireland.