ESB confirms deal with Orsted to develop Irish offshore wind projects off coasts of Waterford and Wexford

ESB and Danish energy group Orsted have confirmed that they will jointly develop an offshore wind energy farm portfolio off the coasts of Wexford and Waterford.

The projects will give a major boost to Rosslare Europort’s plans to becoming the Offshore Renewable Energy (ORE) hub for Ireland’s South-East.

The hub will service the emerging offshore wind industry and help support the government’s offshore wind target of seven gigawatts of power from ORE by 2030. Representing an estimated €200 million investment, the proposed plans have the potential to transform the economy of the South-East Region via new industry and job creation.

Rosslare Europort is ideally located to service the Offshore Wind (OSW) sector, particularly for developments in the Irish and Celtic seas.

The ESB and Orsted partnership also includes project sites off other Irish counties Clare, Cork, Dublin and Wicklow and has the potential to develop up to 5GW of projects, including wind farms and hydrogen production.

The projects are Moneypoint One, at 400MW, Moneypoint Two (1GW), Loch Garman (600MW), Helvick Head (800MW), Celtic One (700MW), Celtic Two (800MW), and Sea Stacks (800MW).

The two companies are already development partners in Scotland, where they co-own the Neart na Gaoithe offshore wind energy farm that’s currently under construction.

The ESB’s 50-50 partnership with Orsted includes an agreement to explore opportunities from renewable hydrogen produced from the offshore wind energy projects in the longer term.

The EU has set ambitious targets for member states for the production of energy from green sources.

Ireland plans to be generating 80pc of its electricity from renewables by 2030.

That goal foresees the installation of 7GW of offshore wind energy generation capacity by the end of this decade. Of that, it is anticipated that 2GW will be generated from floating offshore wind farms.