Solar energy ramping up investment to €750m

Danish energy player Obton and its local partner, Shannon Energy, intend boosting their investment in Irish solar projects to €750 million from an original €300 million, they will confirm on Tuesday. The Irish company and Obton formed a joint venture last year to spend €300 million building solar farms, which use panels of specially manufactured … Read more

Alternus Power group in €22m Romanian deal

Dublin-headquartered green energy provider Alternus has acquired a solar park in Romania in a €22 million deal in a move that extends total installed capacity by almost a third. Alternus’s acquisition of the 20MW solar park from Risen Energy is the largest single operating park the company has bought to date and takes annual recurring … Read more

Orsted to add jobs after Brookfield Renewable Ireland deal

Danish wind company Orsted will be “hiring significantly” in Ireland following an agreement with Brookfield Renewable to acquire a 100 per cent equity interest in its existing Ireland and UK onshore wind business for €571 million. The global owner and operator of renewable assets said the acquisition of Brookfield Renewable Ireland (BRI) was based on … Read more

Green energy provider Alternus raises €9m from backers

Alternus, a Dublin-headquartered green energy provider, has raised NOK91 million (€9 million) in funding through the issuance of convertible notes. The funding has been led by AVG Group, a Nordics-focused Luxembourg-based asset manager which provided €8 million of the total investment. Alternus, which is led by telecoms entrepreneur Vincent Browne, invests in solar photovoltaic parks … Read more

CEO Townhall Meeting

Title: CEO Town Hall/Future of Irish Solar Date: 25th March 2021 at 11.00am Presented by: Conall Bolger – CEO – Irish Solar Energy Association (ISEA) Presented by: Kevin O Donovan – Statkraft Presented by: Robert Goss – Solar Electric, Ireland’s leading Solar PV company Moderated by: David Maguire from BNRG The new ISEA CEO, Conall … Read more

Solar growth to benefit Irish economy and climate Report finds solar can substantially benefit customers and reduce emissions

Independent research from international advisory firm, AFRY, finds that increased levels of solar PV (“solar”) will significantly reduce carbon emissions and provide major cost savings. In a high solar scenario, compared to a scenario in which no further solar was connected by 2035, the findings were: Solar would provide an annual saving of €21 per … Read more

SolarPower Europe Survey – Performance of administrative procedures for solar developers

Together with eclareon, Öko institute and WindEurope, SolarPower Europe is part of the RES Simplify project, commissioned by the European Commission. The project aims at evaluating the performance of European administrative procedures for solar developers (permit-granting procedures, grid connection procedures) and monitoring the implementation of the European climate and energy law in that regard. As … Read more

RESS-1 Provisional Auction Results Launched by EirGrid

RESS 1 is the first Renewable Electricity Support Scheme by the Government of Ireland and is a pivotal component of the Government’s Climate Action Plan. RESS 1 uses a competitive auction process to determine which generators receive support. For projects that are successful in the RESS 1 Auction, this support typically applies for approximately 15 … Read more

Solar bids set to shine after years on standby – ISEA

Solar developers in Ireland are expected to start building their first projects in mid-2021 after a long wait for the country’s first renewables auction. Around 1.2GW of PV capacity is eligible to take part in this month’s technology-neutral RESS auction, as well as a separate pot that will ring fence 10% of the expected up … Read more