GE Energy Financial Services has announced it has made its first equity investment in Ireland's wind power market by acquiring two wind farm construction projects.
Element Power is managing construction of the projects and will provide operational management services following completion of the farms, which will use GE's 2.85MW turbines with 103 metres rotors. The 17MW Acres wind farm is near Ballyshannon, Co. Donegal, 210 kilometres northwest of Dublin. Construction completion of Acres is scheduled in the first quarter of 2015. The 34MW Barranafaddock wind farm is near Ballyduff, Co. Waterford, 230 kilometres southwest of Dublin. Construction of Barranafaddock is expected to be completed in the second quarter of 2015.