Statkraft nets 320MW Irish solar bounty

Statkraft has acquired Irish solar projects of a combined capacity of 320MW from UK developer JBM Solar for an undisclosed sum.

The projects are at an advanced stage of development and several will participate in upcoming Renewable Electricity Support Scheme auctions, the Norwegian company said.

The acquisitions add to Statkraft’s existing portfolio of 1.25GW of onshore wind and 500MW of offshore wind in Ireland.

The company meanwhile reiterated its commitment to a capital spend of €1.5bn in the Irish renewable energy generation sector.

“We believe that Ireland will need contributions from all forms of renewable energy to meet 2030 binding targets of reaching 70% green energy,” said Statkraft Ireland managing director

 

Kevin O’Donovan (pictured, left, with Irish Trade Minister Simon Coveney, right).

“Each megawatt of these developments will be necessary if we are going to be successful in tackling climate change,” he added.