Wind Energy – Ireland
Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ (CIP) as part of its plans to develop up to 2.2 gigawatts of offshore wind in Ireland.
This landmark partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed.
The scope of the partnership includes the three phases of the North Irish Sea Array, or NISA, and the Bore Array. The proposed location for NISA is off the coast of counties Dublin, Louth, and Meath, while the site of the Bore Array has been proposed for the Celtic Sea.
Developing and building these projects is expected to require an investment of more than €4 billion by Statkraft and CIP by 2030.
“The need for energy security and decarbonisation has never been as important, or urgent, as it is today. Ireland has a wealth of renewable energy resources right on its doorstep – energy that has largely remained untapped. Statkraft and CIP will now work together to bring that clean, green power to the Irish people,” said David Flood, Head of Offshore Wind at Statkraft.
“This deal marks a major development for Statkraft in Ireland as we scale up our offshore wind ambitions across Northern Europe. The country’s maritime area makes it ideal for large-scale offshore wind energy production – energy we can deliver in partnership with CIP. The company’s track record in offshore wind coupled with our development expertise will enable us to harness the energy of the wind in the Irish Sea to create a green energy system designed for a decarbonised future,” he added.
