Ørsted grows onshore portfolio with purchase of 65-MW Irish solar project
Source: PCRE, Irish Solar Energy Association.
Danish clean energy group Ørsted A/S (CPH:ORSTED) said today it has taken possession of a 65-MW solar project in Ireland, which will be its first photovoltaic (PV) scheme in the country.
The Ballinrea solar PV project was acquired from renewable energy developer Terra Solar for an undisclosed sum.
To be installed in the city of Cork, the future solar park is expected to be capable of generating electricity for up to 16,000 local homes. Ørsted intends to bring it online in 2025.
The purchase is aligned with the Danish group’s goal to grow its global portfolio to a 50:50 wind and solar PV capacity mix towards 2030. “This project will make a meaningful contribution to Ireland’s national energy target of 80 % renewable electricity by 2030 and to the Irish government’s new 5.5 GW solar target,” commented Kieran White, Vice President of Europe Onshore in Ørsted.
At present, Ørsted owns about 5 GW of onshore wind, solar and energy storage capacity in operation and under construction globally. The company aims to bring its installed onshore capacity across the globe to 17.5 GW by 2030.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.