Parkwind and ESB have reached an agreement to kick start the offshore wind generation industry in the Republic of Ireland through ESB’s acquisition of up to 35% in the Oriel project.
The Oriel project, located in the Irish Sea off the coast of Dundalk, has a capacity of up to 330MW and is planned to begin commercial operations in the early-2020s. Parkwind will continue to head the project from its Dublin offices in close collaboration with ESB. ESB and Parkwind will also work together on the Clogherhead project for which ESB holds a foreshore license to commence site investigations. Parkwind will acquire up to 35% of the Clogherhead project which is intended to be developed under a separate planning application.