Fresh out of its 330 MW renewable energy capacity win in RESS-1 in Ireland, Statkraft has now acquired 275 MW solar capacity in the country from Lightsource BP. (Photo Credit: Lightsource BP)
- Lightsource BP sold 5 solar projects in Ireland to Statkraft for an undisclosed sum
- It comprises 275 MW capacity in the counties of Meath, Tipperary, Laois and Cork
- Among the projects, Statkraft said it will take investment decision to construct Blundelstown project in the coming months
Statkraft Completes Acquisition Of Under Development 320 MW Solar PV Portfolio In Ireland From JBM Solar Limited For NOK 158 Million
(27. October 2019)
Statkraft Ireland has purchased 5 solar power projects in Ireland with a cumulative capacity of 275 MW from Lightsource BP. The acquisition includes a project in Blundelstown in Meath that was successful in the country’s recently concluded renewable energy auction RESS-1.
Statkraft turned out to be a big winner in the RESS-1 winning 376 MW solar and 57 MW wind power capacity (see Statkraft Won 330 MW Solar & Wind In Irish Auction).
The projects it has now acquired from Lightsource BP are identified as Blundelstown and Harristown solar farms in Meath County, Ballymacadam Solar Farm in Tipperary, Loughteague Solar Farm in Laois, and Monatooreen Solar Farm in Cork County. Individual project capacity of the projects was not shared, nor was financial terms of the deal. Statkraft said it expects to make an investment decision to construct the Blundelstown project in the coming months. It will finance the project through its own resources.
“The outcome of that particular auction was hugely encouraging and has given us at Statkraft, the platform we need to increase the rollout of green energy projects in Ireland thereby decarbonising the grid and playing our part in helping to meet critical Climate Change targets. We are already quite advanced in developing the construction programme to deliver these RESS-1 projects,” shared Statkraft Ireland’s Managing Director Kevin O’Donovan.
Lightsource BP said it is fully committed to developing the utility scale market in Ireland and is assessing future opportunities.