- Press Releases
April 9 (Renewables Now) - Irish utility ESB today announced a programme to turn the site of its Moneypoint coal-burning power station on Ireland's west coast into a green energy hub featuring a 1.4-GW floating offshore wind farm.
The wind farm will be developed in two phases by ESB and Norway's Equinor ASA (NYSE:EQNR), an experienced floating wind player with which ESB agreed an Irish offshore wind partnership in 2019. To be located off the coast of Counties Clare and Kerry, the wind farm is expected to be generating power within the next decade. It would be able to power more than 1.6 million Irish homes, ESB says.
The multi-billion euro transformation programme is called Green Atlantic @ Moneypoint and supports the Irish government's commitment to net-zero emissions by 2050. It is part of ESB's Brighter Future strategy.
As Moneypoint boasts a deep-water port, ESB plans to make it a centre for the construction and assembly of floating wind turbines.
ESB also intended to invest in a green hydrogen production, storage and generation facility at the site towards the end of the decade.
"We have long signaled our intention to cease burning coal at Moneypoint," said ESB chief executive Pat O’Doherty. "Today we are unveiling plans for a reimagined Moneypoint, which will not only create hundreds of jobs, but will also help Ireland to meet its climate targets and maintain secure supplies of electricity into the future," O’Doherty added.
The programme includes a EUR-50-million (USD 59.4m) Sustainable System Support facility which will start construction in the coming weeks. The facility is a synchronous compensator that will provide a range of electrical services to the grid, allowing for more renewables on the system.
(EUR 1.0 = USD 1.189)