Obton to Invest €300 Million in Irish Solar Energy 

Obton, a Danish solar PV business, and its Irish partner Shannon Energy, will develop up to 500 MW of solar PV projects in Ireland over the next five years. This represents an investment in the Irish economy of over €300 million at today’s energy prices and will create over 1,000 jobs particularly during its construction phase.
Obton to Invest €300 Million in Irish Solar Energy 
Courtesy of Obton

Obton’s significant investment in the Irish solar energy sector was launched by Anders Marcus, Obton CEO, Mark Foley, Eirgrid CEO, and H.E. Uffe Balslev, Ambassador of Denmark, at an event in University College Dublin. This investment will see around 2,000 acres of farmland converted to the production of renewable energy, helping to deliver the government’s strategic goal of zero carbon emissions by 2050.

In 2018, Obton formed a joint venture with Dublin-based Shannon Energy. Together they are building a pipeline of solar power investment projects in Ireland and are committed to playing a key role in the transition towards renewable energy.

In conjunction with the investment announcement, Obton and Shannon Energy have also announced details of their first three strategic project acquisitions: the Grian portfolio of solar projects in Westmeath, Longford and Tipperary; the IGP portfolio of projects in Tipperary and Cork; and the Wind Energy Direct solar project in Galway. These three projects will deliver approximately 150 MW of solar power, which would be enough energy to cover the yearly energy consumption of around 25,000 homes.  

Speaking at the launch event, Anders Marcus, Obton CEO, commented, “Obton’s vision to create a sustainable future for the coming generations is of highest priority. Through Shannon Energy and our business partners, we are in a great position to do just that in Ireland.”

 Noel Shannon, Shannon Energy CEO, added, “Shannon Energy is delighted to have secured the financial strength for constructing utility scale solar projects in Ireland, through our partnership with Obton, and we look forward to securing the licenses for our planned implementation in the upcoming Renewable Electricity Support Scheme (RESS) auctions over the next five years.”

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