Significantnew investmentin solarprojects
A MAJOR new investment in solar projects in Wexford is on the way following the announcement of a €220 million joint venture between a Dublin-based solar company and a leading French renewable energy group.
BNRG Renewables Limited and French renewable energy group Neoen said they planned to jointly develop, construct, own and operate a portfolio of solar projects in the south and east of Ireland, a significant proportion in counties Wexford and Wicklow.
The joint venture, BNRG Neoen Holdings Limited will co-develop a portfolio of 23 projects in the south east totalling over 200 Megawatts (MW).
The overall project will up to 60 full-time positions in operation and maintenance and another 2,000 jobs during the construction phase, along with other indirect jobs.
Construction is expected to commence in mid2018 with the final projects to be constructed by 2020. Multiple projects will be submitted for planning over the coming months. It is widely expected that large-scale solar projects will be support under new renewable energy support policy to be announced this year.
NO details of the siting of the planned solar parks and farms has yet been revealed. According to the companies they will connect to the distribution grid network and will meet the electricity demand of around 80,000 homes locally.
BNRG Renewables is the largest and longest-established Irish solar company. It was an early entrant into solar markets in Europe and the US and is eager to lead the development of the Irish market. Construction will begin this year on its first project on the island of Ireland – a 13.5 MW project in County Down.
The company has already developed and constructed more than €230 million of Solar PV projects in Europe since 2007, including the completion, in 2016, of a portfolio of more than 20 MW of projects that it owns and operates in the UK. It recently entered the US market, with a pipeline of more than 140 MW at an advanced stage of development in the US.
David Maguire, Director of BNRG Renewables said what he described as a unique partnership represents a significant investment in renewable energy in Ireland and will be well positioned to deliver first class projects, and real value to the Irish consumer. Neoen is an independent power producer, generating electricity from renewable sources. It is active in countries including France, Portugal, Australia, Mexico, Mozambique, Jamaica, Zambia, Jordan and El Salvador.