Statkraft to build, sell and manage two Irish wind farms
(Cork/London/Oslo 21 December 2020) Statkraft has decided to construct Cloghan and Taghart wind farms in Ireland. In addition, the company has agreed to sell the wind farms to Greencoat Renewables PLC while retaining responsibility for the construction and the long-term operation and management, in line with Statkraft’s strategy to build, sell, operate and trade power.
Cloghan (37.8MW) is located in County Offaly and Taghart (25.2MW) in County Cavan in Ireland. Construction will commence early 2021. Statkraft will manage the construction of both wind farms and will provide operational management services for the wind farms in the operations phase. The ownership of the assets will be transferred to Greencoat Renewables PLC when they become operational in 2022. The total value of the project, including construction costs, is €123 million.
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Statkraft has decided to construct Cloghan and Taghart wind farms in Ireland. In addition, the company has agreed to sell the wind farms to Greencoat Renewables PLC while retaining responsibility for the construction and the long-term operation and management, in line with Statkraft’s strategy to build, sell, operate and trade power.
Cloghan (37.8 MW) is located in County Offaly and Taghart (25.2 MW) in County Cavan in Ireland. Construction will commence early 2021. Statkraft will manage the construction of both wind farms and will provide operational management services for the wind farms in the operations phase. The ownership of the assets will be transferred to Greencoat Renewables PLC when they become operational in 2022. The total value of the project, including construction costs, is €123 million.
SHARING OPTIONS:
The two wind farms secured 15-year Government funding earlier this year and will be sold for €123m.
Greencoat already have a significant wind farm portfolio in Ireland Previous Next
Europe’s largest generator of renewable energy Statkraft is set to sell two Irish wind farms to asset manager Greencoat Renewables PLC.
The Cloghan wind farm has a total capacity of 37.8MW and is located in Co Offaly.
The second project, the Taghart wind farm, has a total capacity of 25.2MW and is located in Co Cavan.
Both wind farms secured 15-year fixed price contracts in Ireland’s first competitive auction under the Government’s new Renewable Electricity Support Scheme (RESS-1) earlier this year.
Greencoat Renewables buys Offaly and Cavan windfarms
Updated / Monday, 21 Dec 2020
13:38
Both wind farms benefit from 15-year fixed price contracts, secured under the recent Renewable Electricity Support Scheme auction
Greencoat Renewables has announce a deal to buy windfarms in Co Offaly and Co Cavan for a total of €123m from Statkraft.
The Cloghan windfarm is in Co Offaly and the Taghart windfarm is in Co Cavan.
Statkraft will manage the construction of each wind farm and will continue to provide trading and operational management services for the wind farms once operational in two years time.
Both wind farms benefit from 15-year fixed price contracts, secured under the recent Renewable Electricity Support Scheme (RESS) auction.
Statkraft has a reached a final investment decision to construct the Cloghan and Taghart wind farms in Ireland and sell them to Greencoat Renewables.
The Norwegian developer is retaining responsibility for construction, commencing in early 2021, and the long-term operation and management of the projects.
The 37.8MW Cloghan is located in County Offaly and 25.2MW Taghart is in County Cavan.
The ownership of the assets will be transferred to Greencoat Renewables when they become operational in 2022, with the total value amounting to €123 million, Statkraft said.
Statkraft secured 15-year fixed price contracts for the two wind projects and two solar projects in Ireland’s first competitive auction under the government’s new Renewable Electricity Support Scheme (RESS-1) earlier this year.