- Published: 12 October 2021 12 October 2021
Temporis Investment Management (Temporis) has announced the launch of Inis Offshore Wind, a new Irish renewable energy firm with plans to develop at least 1GW of offshore wind capacity by 2030.
Inis Offshore Wind has identified five potential project sites for assessment off the East and West Coasts of Ireland as well as in the Celtic Sea. Should the initial East Coast projects progress successfully, these could each bring about 500MW of renewable capacity into production by 2030. The initial projects would enable €2-3 billion of capital investment. Inis Offshore Wind is funded through the Temporis Aurora Fund (the Fund), by the Ireland Strategic Investment Fund (ISIF) and other institutional investors from the EU, UK and US totalling €126m. The Fund has appointed former Ørsted executive Vanessa O’Connell to head up Inis Offshore Wind.