Daily Newsletter

19 September 2023

Daily Newsletter

19 September 2023

Ørsted and Terra Solar to build 400MW Irish solar portfolio

Once built, the solar portfolio is expected to generate enough clean energy to power more than 90,000 Irish homes.

Surya Akella September 19 2023

Danish energy giant Ørsted has joined forces with Irish renewable energy developer Terra Solar to develop a solar portfolio of up to 400MW in Ireland.

The solar projects are expected to be completed before 2030, subject to consent for the grid route and grid offers. They will help supply clean energy to more than 90,000 households.

Potential market routes for the portfolio include future auctions under the renewable electricity support scheme as well as corporate power purchase agreements.

The projects align with Ireland’s 8GW solar energy goal as part of its climate action plan.

Ørsted presently operates 378MW of onshore wind farms in Ireland, which generate sufficient energy for more than 230,000 homes. The company is also developing two other solar projects.

Earlier this year, it partnered with Irish energy company ESB to co-develop an offshore wind portfolio in the country.

Last week, Ørsted announced that it will invest in One Earth, a 740MW solar plant with associated battery energy storage in the UK. Being co-developed by PS Renewables, the project is expected to generate enough clean energy to meet the needs of around 200,000 homes.

It marked Ørsted's entrance into the UK solar sector.

Commenting on the latest alliance, Ørsted UK & Ireland development & operations senior director TJ Hunter said: “We are delighted to extend our existing collaboration with Terra Solar on the development of these projects, which will contribute to Ørsted’s global goal of 17.5GW of onshore renewables by 2030.”

Terra Solar director André Fernon said: “With a combined capacity of up to 400MW, this partnership will contribute significantly to Ireland’s low-carbon future, strengthen our indigenous energy supply and ensure competitively priced green electricity for Irish consumers.”

APAC Renewable Energy Policy 2023 Analysis

APAC countries should look to invest on upgrading grid infrastructure, energy storage systems, microgrids, and support mechanism for renewables to be able to achieve their climate goals. The growth trajectory of Europe cannot be implied in APAC since several countries were late entrants into the renewable market. APAC countries should look to weave their own roadmap towards achieving net zero emissions and leverage the large population into adopting renewable technology.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close