Orsted is partnering with Irish clean energy company Terra Solar to develop a 400-megawatt portfolio of solar energy projects in the country that will power 90,000 homes, the Danish renewables giant said Monday.
No financial details were disclosed.
The projects are targeted for completion ahead of 2030 by which the Irish government aims to build 8 gigawatts of solar energy as part of its Climate Action Plan, Orsted said.
The company already operates 378 MW of onshore wind projects across Ireland and has two solar farms in development. It also plans to build an Irish offshore wind portfolio.
Monday’s announcement came a week after Orsted said it will build its first solar plant in the United Kingdom – a 740 MW solar farm and associated battery storage that will power 200,000 homes.
Orsted has over 5.7 GW of onshore renewables in operation, under construction or consented across Europe and the U.S., it said.
Late last month, the company warned of a risk of $2.3 billion in impairments to its U.S. offshore wind portfolio due to supply chain problems, soaring interest rates and a lack of tax credits.
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–Reporting by Abdul Latheef, [email protected]; Editing by Michael Kelly, [email protected]
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