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November 26, 2021

Moneypoint Floating Offshore Wind Farm, Ireland

By Carmen

Moneypoint Floating Offshore Wind Farm is a 1,400MW offshore wind power project. It is planned in North Atlantic Ocean, Clare, Ireland. The project is currently in announced stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2028.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 1,400 1,400 Announced Clare, Ireland Electricity Supply Board; Equinor

Description

The project is being developed by Electricity Supply Board and Equinor. These companies also have ownership stakes in the project.

The project is expected to supply enough clean energy to power 1,500,000 households. 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 2028.

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About Electricity Supply Board

Electricity Supply Board (ESB) owned by Irish Government, is a diversified and vertically integrated utility that generates, transmits, and distributes and supplies electricity and gas. The company builds, owns, and maintains transmission and distribution networks. It offers meter reading, and new connection services. ESB provides engineering, operations and maintenance, and consultancy services; finances, builds and maintains transmission system; and owns and maintains electricity transmission and distribution networks in Northern Ireland. The company also offers technologies and business model development support; operates public charging infrastructure; and services in electro mobility sectors. It operates across Ireland, the UK and other countries. ESB is headquartered in Dublin, Ireland.

About Equinor

Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in various oil and gas provinces in the world. Equinor operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in offshore wind, carbon capture and storage, solar and hydrogen projects. Equinor is headquartered in Stavanger, Norway.

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.

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