Clare Offshore Wind Farm, Ireland

Clare Offshore Wind Farm is a 1,000MW offshore wind power project. It is planned in Irish sea, Clare, Ireland. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2027.

Free Report

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

By GlobalData

By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy

By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services.

Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	1,000	–	1,000	Announced	Clare, Ireland	DP Energy Ireland; Iberdrola

Description

The project is being developed by DP Energy Ireland and Iberdrola. These companies also have ownership stakes in the project.

The project is expected to generate 8,760,000MWh electricity and supply enough clean energy to power 938,571 households. The project is expected to offset 2,847,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $4,470.9m. The turbines will be mounted on a floating type foundation.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2027.

About DP Energy Ireland

DP Energy Ireland Ltd (DPE) is a renewable energy company that operates, manages, and develops tidal energy, solar energy, wind energy, and hybrid energy projects. The company utilizes wind energy, solar energy, and tidal energy technologies to generate and supply power and electricity. Its energy project is used for water irrigation, propulsion, and powering grain mills. DPE’s operates energy projects include Fair Head Tidal Energy Park, West Islay Tidal Energy Farm, Buttevant Wind Farm, Artfield Fell Wind Farm, Bessy Bell Wind Farm, Westray South Tidal Array, Black Banks Wind Farm, Bow Lake Wind Farm, Corrie Mountain Wind Farm, and others. The company has its operations across Ireland and Australia. DPE is headquartered in Buttevant, Ireland.

About Iberdrola

Iberdrola SA (Iberdrola) is an energy utility. It constructs, operates and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy sources. It also trades electricity and gas in wholesale markets; and retails electricity, gas, and other related products and services. Iberdrola retails energy to residential, commercial, industrial, institutional and other customers. In its transition to a sustainable energy model, the company makes considerable investments in smart grids, renewable energy, large-scale energy storage and digital transformation, Iberdrola operates in Europe, North America, South America and other regions. Iberdrola is headquartered in Bilbao, Vizcaya, Spain.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.