Denmark's Largest Energy Firm Ørsted Acquires Ballinrea Solar Farm- Its First in Ireland

• The project will provide the electrical power needs of 16,000 Irish families. Its building and construction is expected to begin in 2024 and also will be operationalised by 2025.
• The Ballinrea Solar Farm will make a meaningful payment to Ireland's national power target of 80% renewables by 2030 in addition to the Government's new 5.5 GW solar target.

Denmark-based global renewable energy player Ørsted has claimed that it has actually acquired its first solar project called Ballinrea solar PV in Ireland via an agreement with Dublin's (Ireland) renewable resource programmer Terra Solar. Ørsted claimed that this requisition is a tactical first step towards the company's multi-technology release in Ireland. Ørsted has committed to buy numerous renewable resource sources.

The 65 MW Ballinrea solar project lies between Carrigaline and also Cork City. The project will provide the electrical power needs of 16,000 Irish families. Its building is anticipated to begin in 2024 and will certainly be operationalised by 2025.

Kieran White, Vice President, Ørsted Europe Onshore said, "For Ireland to make certain energy durability and supply its 2030 energy targets, it is essential that several innovations are provided in tandem, from solar and also onshore wind to offshore wind and storage. This is a vital top priority for Ørsted, both in Ireland and also overseas."

White held, "The Ballinrea Solar Farm will make a significant contribution to Ireland's national power target of 80% renewables by 2030 as well as to the Government's new 5.5 GW solar target. It will also enhance the climate neutrality of the area by generating power for 16,000 homes, which is also the number of new homes prepared to be built in the city in between currently and also 2028."

Concluding, White included, "We are continuing to buy our Cork-based group as well as advancement projects to expand our existing Irish operational possession base of 327 MW. In addition to the price and also protection of energy, the ever-present climate crisis has never been even more severe. It is essential that Government and stakeholders remain to work collaboratively with sector to make sure that it can deliver environmentally, socially and financially for Ireland."

Ørsted had likewise acquired UK's onshore wind service operator Brookfield Renewable Ireland in June 2021. Ørsted, at present, has regarding 5 GW of capacity in operations. The business wishes to clock 17.5 GW of onshore capacity by 2030 worldwide.