An agreement between ESB and Ørsted, has been signed to jointly develop an offshore wind portfolio in a landmark deal.
The agreement has been marked as one of the most ambitious partnerships in Irish history, Ørsted becomes a 50/50 partner in a pipeline of offshore wind development projects off the Irish coast. The first of the offshore wind projects is forecasted to compete in the Irish offshore wind auction and has the potential to deliver five gigawatts of renewable energy and complementary renewable hydrogen projects.
Ireland has a maritime area that scales at more than ten times its landmass, providing a space to grow a strong and fruitful offshore sector. This location will help decarbonise the electricity system in Ireland and enable future renewable energy exports to Europe. This partnership also offers the chance to explore renewable hydrogen opportunities produced from the projects. The aim is to assist in delivering on the Irish Government’s 2030 target of installing 7 gigawatts of offshore wind and support Ireland’s transition to net-zero.
“The Irish Government is committed to developing a strong offshore wind sector, which will provide us with abundant clean and secure renewable energy. We’ve signed into law an ambitious Climate Action Plan, which includes a 5 GW offshore wind target by 2030 with a target to generate 80 % of our electricity from renewable sources. This will be further supported by a National Industrial Strategy for Offshore Wind from my department. 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.”
Minister for Enterprise, Trade & Employment, Simon Coveney TD welcomed the partnership
“In recent years, ESB has amassed considerable expertise in offshore wind, partnering with leading energy companies in projects of scale and building a significant offshore footprint across Ireland and Great Britain. ESB is developing a large renewables pipeline, and as part of that has developed a strong portfolio of offshore wind projects around the coasts of Ireland. We are delighted to partner with Ørsted, a global leader in the offshore wind industry, in developing this portfolio in Ireland. Offshore wind in Ireland will play a key part in the delivery of the ESB Strategy, Driven to Make A Difference – Net Zero by 2040 and the announcement of this partnership with Ørsted is an important step in that journey.”
Jim Dollard, ESB Executive Director, Generation & Trading
“With a strong Irish onshore portfolio already in place, we are delighted to begin our journey in the Irish offshore market with ESB; the company that brought electricity to Ireland, and that today plays a leading role in the path to net-zero. This partnership combines complementary strengths relevant to development in this market and creates an ideal platform for Ørsted to bring its global expertise in the delivery of offshore wind to bear in Ireland. From the world’s first offshore turbine in Denmark in 1991 to the world’s largest operational offshore wind farm, Hornsea 2 in the UK, Ørsted has been a driving force behind the commercialisation of the offshore wind industry across Europe, Asia, and America as part of our vision to create a world that runs entirely on green energy.”
Duncan Clark, Senior Vice President and Head of UK and Ireland at Ørsted
News Sourced from Ørsted
