Ørsted and ESB join forces to develop Irish offshore wind
Ørsted and Irish utility ESB have teamed up to jointly develop an offshore wind portfolio in Ireland.
With the agreement, which is described as the most ambitious partnership in Ireland to date, the Danish utility has become a 50/50 partner in a pipeline of offshore wind development projects off the Irish coast that has the potential to deliver up to 5 GW of renewable energy and complementary renewable hydrogen projects.
The first of these offshore wind projects is expected to compete in the next Irish offshore wind auction as part of the country’s target of 7 GW of installed capacity by 2030.
Ireland’s minister for enterprise, trade and employment, Simon Coveney welcomed the partnership, saying: “Today’s announcement is a strong vote of confidence in Ireland’s sustainable future and an important milestone in building a new, indigenous energy system, which is both secure, affordable, and clean.”