Ireland will install 7GW of offshore wind by 2030. Credit: TwiXteR / Shutterstock.com.

Danish clean energy company Ørsted has entered a partnership agreement with Irish utility ESB to develop an offshore wind portfolio in Ireland.

Ørsted and ESB will deliver 5GW of renewable energy and complementary renewable hydrogen projects.

The first of the offshore wind projects will compete in Ireland’s next offshore wind auction, ORESS 2.1, as part of the country’s progress towards 7GW of offshore wind by 2030.

Each company will own 50% of the offshore wind development portfolio.

Ørsted senior vice-president and UK and Ireland head Duncan Clark stated: “With a strong Irish onshore portfolio already in place, we are delighted to begin our journey in the Irish offshore market with ESB, the company that brought electricity to Ireland and that today plays a leading role on the path to net zero.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Power Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of 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.

The partners will also explore opportunities to produce renewable hydrogen from offshore wind projects in the long run.

In May 2023, Ireland’s Ministry for the Environment, Climate and Communications selected four offshore wind projects with a total capacity of 3.1GW under the first offshore wind auction ORESS 1.

The four projects will generate 12 terawatt-hours of renewable energy annually, enough to power 2.5 million Irish homes and equivalent to more than a third of the country’s total electricity needs in 2023.