Ireland’s ESB has taken a 50 percent stake in EDF’s 450-megawatt Neart na Gaoithe offshore wind project off the east coast of Scotland. Financial details have not been disclosed. ESB controls Ireland’s transmission and distribution networks as well as generating 42 percent of the island of Ireland’s power. The news came as EDF announced it had reached financial close on the project, which it acquired last year from Mainstream Renewable Power. The project has a 15-year Contract for Difference with the U.K. government at a price of £114.39 per megawatt hour ($147.89). Earlier this month ESB sealed a partnership with Norwegian oil firm and offshore wind developer Equinor. The pair will collaborate on joint bids in Ireland’s own offshore wind tenders.
GTM 28th Nov 2019 read more »
EDF Renewables begins construction on 450MW Neart na Gaoithe offshore wind farm.
NS Energy 28th Nov 2019 read more »