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Iberdrola buys stake in Irish offshore wind farms

By: Tom Russell 05/02/2021 Iberdrola

General Windfarms

Iberdrola has added to its offshore wind pipeline, with entry into the market in Ireland. It has signed an to acquire a majority stake in DP Energy's offshore wind projects in Ireland, which totals 3 GW.

The projects are located in three clusters off the east, west and south coasts of the country, of which some will be eligible for the forthcoming offshore auctions in 2025-2030. The agreement also includes Iberdrola acquiring a majority stake in the company created by DP Energy, that will be responsible for developing this wind pipeline in Ireland.

The projects included in the agreement are the Inis Ealga wind farm on the south coast of Co Cork and the Clarus project on the west coast of Co Clare, both to be developed with floating offshore wind technology. Additionally, the Shelmalere project will be located off the east coast and will be developed using fixed foundations. Once operational, the projects will generate enough green energy to power the equivalent of 2.6 million households in Ireland.

Iberdrola`s offshore wind portfolio now includes projects in the German Baltic Sea (Wikinger and Baltic Eagle), the North Sea (East Anglia ONE and East Anglia Hub), the Irish Sea (West of Duddon Sands), off the coast of Massachusetts (Vineyard Wind) and off France (Saint Brieuc).

More recently, Iberdrola has taken access to early-stage capacity of 9 GW in Sweden, more than 3 GW in Japan and up to 7.3 GW in Poland. In Denmark, Iberdrola is also working with Total on an auction process for the Thor offshore wind farm, which could have a capacity of up to 1GW.

This latest transaction brings the company's pipeline of offshore wind projects worldwide to more than 30 GW.

For more information on Iberdrola's pipeline of projects and other offshore wind farms worldwide, click here.

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Iberdrola buys stake in Irish offshore wind farms

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