Sally Gap Snowed UnderFebruary 10, 2020
The Hills Are AliveFebruary 11, 2020
French energy giant EDF Renewables have just taken a 50% stake in a wind farm off the coast of Wicklow.
And they’ve paid a tidy €100m for the honour.
The Codling offshore wind project, situated 13km off Wicklow’s coast, is owned by Hazel Shore, which has links with the bould Johnny Ronan.
Who has long been sniffing around Greystones for a hotel site, and had been hoping to turn Style Bawn, opposite The Delgany, into the new Shelbourne.
The French company EDF won’t reveal the exact amount paid for that 50% stake, but it had been on the market with a €100m asking price. They will be teaming up with Fred Olsen Renewables, which owns the other 50%, and the projected value for when the wind farm is at full 1 Gigawatt capacity is put at more than €2.5bn.
“We are committed to contributing to the Irish government’s renewables goals,” Bruno Bensassaon, chief executive office of EDF, stated. “This important project clearly strengthens our strong ambition to be a leading global player in the offshore wind industry.”
As are SSE Renewables, who announced in December that they were splashing out €2bn on an expansion of the Arklow Band Wind Farm.
Whether or not they will each come to fruitition, and help us save this little planet of ours, well, the answer, my friend…
Letterkenny student Nuala Carr would like to hear your opinions on wind farms right about here.