Ørsted, Terra Solar to develop 400 MW of Irish solar projects
Ørsted's Permian Energy Center in Texas. Image by: Ørsted A/S.
Danish renewables company Ørsted A/S (CPH:ORSTED) on Monday said it is partnering with Terra Solar to develop up to 400 MW of solar projects in Ireland.
Subject to grid route consent and a grid offer, the projects could be completed before 2030, supporting the Irish government’s 8 GW solar goal by that year. Possible routes to market for these developments include future Renewable Electricity Support Scheme (RESS) auctions and corporate power purchase agreements (PPAs), says the announcement.
Ørsted said the partnership strengthens its solar pipeline in Ireland which now exceeds 600 MW. It expands Ørsted’s relationship with Terra Solar, a renewable energy developer based at NovaUCD, an innovation centre in Dublin. The Danish company previously acquired the two solar projects it currently has under development in Ireland from Terra Solar.
The buyer commented that solar is key to enabling the Irish power system to move to 100% green energy and that it needs to be expanded in parallel with onshore wind, offshore wind and energy storage.
The news comes after Ørsted recently entered the UK solar market with a participation in a 740-MW solar project with associated battery storage in Nottinghamshire.