Ireland's ESB, Coillte mull 1-GW renewables development JV

13/02/2019 08:06 Renewable


Irish energy producer and distributor ESB said on Monday it is holding bilateral discussions with local forestry company Coillte to create a renewables development joint venture targeting 1 GW of capacity by 2030.

The proposed JV will build on the complementary skills, expertise and assets of the two parties, ESB noted. The two state companies have worked together on the 35.2-MW Raheenleagh and 33.1-MW Castlepook wind farms, located in Co Wicklow and Co Cork, respectively.


ESB noted that construction work on JV projects could begin in the early 2020s, if the appropriate approvals are obtained.


In addition to producing and distributing electricity and gas, ESB is also engaged in the development of renewable power projects in Ireland and Great Britain. Is is currently building the 114-MW Grousemount wind farm in South Kerry and the 89-MW Oweninny project in North Mayo.

Daily (08.07.2020): German and French spot electricity prices at their highest levels since the end of January amid lower renewables output and nuclear availability

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Crude oil futures were little changed on Tuesday as an apparent optimism that U.S. crude inventories will decline this week was overshadowed by the surge in coronavirus cases in parts of the world which continued to pressure prospects for energy demand. Hence, Brent crude for September delivery steadied at $43.08 a barrel, while the U.S. WTI crude stagnated at $40.62 a barrel.


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