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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Major Irish onshore wind joint venture unveiled
10/4/2024
More than €1bn could be earmarked for investment in developing up to 800 MW of new onshore wind projects in Ireland under a new 50:50 joint venture between SSE Renewables and semi-state-owned power company Bord na Móna.
Projects targeted for development include the proposed Lemanaghan wind farm in north-west Offaly, Littleton in Tipperary, and Garryhinch on the Laois/Offaly border, which have the potential to deliver collectively about 250 MW of new renewable energy generation.
If the projected 800 MW of renewable energy projects are fully delivered, the portfolio is predicted to offset 500,000 t/y of CO2 emissions.
SSE Renewables is contributing about €50mn in initial equity for a 50% equity stake in the 800 MW onshore wind development portfolio. Delivery of the portfolio is subject to each project receiving planning consent for development, securing a route to market and grid connection. Ahead of development, SSE Renewables and Bord na Móna will reach a final investment decision to progress each project to construction.
SSE Renewables will be fully responsible for each development up to the planning consent process. After planning consent and grid access is secured, both Bord na Móna and SSE Renewables will fund the development on a 50:50 basis.
Minister for the Environment, Climate and Communications Eamon Ryan said: ‘Renewable green energy is going to play a crucial role in helping Ireland move towards greater energy security and deliver on our emission reduction targets, with the ultimate goal of achieving net zero by 2050… We need to see more partnerships and large-scale projects like this coming on-line moving forward to end our dependence on fossil fuels and secure energy independence for Ireland.’
SSE Renewables is currently building the 101 MW Yellow River wind farm project in County Offaly.
According to a report from the Sustainable Energy Authority of Ireland, wind generated 30.66% of all electricity in Ireland in 2022, second only to natural gas. The country has a national target to move to 80% renewable electricity by 2030.
Ireland had a total installed onshore wind capacity of 4.54 GW at the end of 2022, a figure targeted to rise to 9 GW of installed capacity by 2030.
