As part of this renewable energy purchase agreement, all power from Lisheen III will be supplied to the national grid, with Meta purchasing the equivalent amount of renewable energy generated.
TJ Hunter, Senior Director, Development and Operations, Ørsted UK & Ireland said,"Corporate power purchase agreements demonstrate the significant role that companies can play in helping Ireland meet its ambitious 2030 green energy targets by bringing additional renewables into operation. We are proud to open phase III of our Lisheen wind farm and commend Meta for committing to renewable energy to help power their Irish operations."
"We are delighted that our partnership with Ørsted is bringing new wind energy to the grid in Ireland. This project helps us keep our commitment of supporting our global operations with 100% renewable energy," said Neil McDonagh, Energy Manager, Meta. "Bringing new renewable energy to the grids where we operate is an important part of our sustainability goals and the fight against climate change."
Corporate power purchase agreements (CPPAs) are one of the ways in which Ørsted finances new renewable projects and brings additional green energy to the grid to decarbonise industry. With this latest agreement with Meta, Ørsted has signed CPPAs for a total capacity of over 6000MW.
An annual fund for the benefit of the local community has been established as part of the project.