EMPower readies 375 MW of wind for 2023 Irish auctions - report

Wind turbines in Ireland. Author: Harry Pears. License: Creative Commons. Attribution-ShareAlike 2.0 Generic

January 3 (Renewables Now) - Dublin, Ireland-headquartered renewables developr EMPower intends to develop seven wind projects in Ireland totalling about 375 MW with an eye to participating in the 2023 auctions under the Renewable Electricity Support Scheme (RESS), according to a report in the Irish Independent.

The overall investment in the projects is estimated at EUR 412.5 million (USD 467.m).

To back the development of its Irish wind portfolio, EMPower is looking to raise construction equity funding of nearly EUR 250 million, Independent.ie reported on Sunday.

The seven projects, if all of them go ahead, could provide enough power for almost 208,000 homes.

According to EMPower’s website, together with partners the company is developing a wind and solar portfolio of 800 MW in Ghana, Tanzania, Iceland, Ireland and Ukraine.

Ireland’s RESS is aimed at supporting investment in renewable energy generation and the country’s target of 80% renewable electricity by 2030. The government in October 2021 approved the terms and conditions for the RESS 2 auction and qualification for it opened in December.

(EUR 1 = USD 1.133)

More stories to explore
Share this story
Newsletter
Tags
 
About the author
Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\