Oriel is a 375MW offshore wind power project. It is planned in Irish Sea, Louth, Ireland. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 375 | – | 375 | Permitting | Louth, Ireland | Electricity Supply Board; Oriel Windfarm; Parkwind |
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Description
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The project is being developed and currently owned by Electricity Supply Board, Oriel Windfarm and Parkwind. The company’s ownership stake in the project stands as 35%, 25% respectively.
The project is expected to generate 1,500,000MWh electricity and supply enough clean energy to power 300,000 households. The project is expected to offset 600,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $990.801m. The project will be spread over an area of 28km². The turbines will be mounted on fixed gravity based foundations and will be interconnected by 33kV inter-array cable.
The wind power project consists of 25 turbines, each with 15MW nameplate capacity.
The project will have 150m high towers.
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By GlobalDataDevelopment Status
Post completion of the construction, the project is expected to get commissioned in 2025.
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 Parkwind
Parkwind NV (Parkwind) a wind farms company to create scale and accelerate green energy policies through the development of offshore wind energy projects, which the company learned to do in unique 360° approach. The company is headquartered in Leuven, Belgium.
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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.
