The acquisition of these 11 solar energy projects will represent an investment of over 60 million euros in the Irish solar energy sector when developed and will deliver 105 MW of solar power to homes throughout the country.
Shannon Energy powered by Obton is a joint venture between Obton, a Danish solar photovoltaic (PV) business, and its Irish partner Shannon Energy. The project portfolio announced today marks the first phase in the Danish-Irish joint venture’s overall 300 million euro investment to provide over 500 MW of renewable solar power in Ireland over the next five years.
Projects in this portfolio are situated in eight counties throughout Ireland, with sites located in Wexford, Waterford, Cork, Longford, Galway, Offaly, Meath and Tipperary. The combined 105 MW of power generated will be enough to fulfil the yearly energy requirements of up to 20,000 households. It is expected that more than 200 jobs will be created in the construction of the solar photovoltaic (PV) technology on approximately 400 acres.
In addition to the 11 projects announced today, Shannon Energy powered by Obton has secured a pipeline of projects that will bring the total capacity of the overall portfolio to more than 500 MW, which will be submitted in subsequent rounds of the RESS process.
“Shannon Energy are delighted to have worked with Obton to secure these 11 projects and to submit them for qualification in the first RESS auction” said Noel Shannon, CEO of Shannon Energy. “We hope we are successful in all of these projects in the auction in July as that would allow us to proceed rapidly with the rest of the portfolio in subsequent auctions.”
Gerry Shannon, Chairman of Shannon Energy, added that by participating in the RESS auctions the company is marking a significant contribution towards achieving the Government's goal of 70 percent electricity production from renewable sources by 2030.
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