Omnes invests in Power Capital Renewable Energy
Omnes, the Paris-based investor in private equity and infrastructure, has acquired a controlling stake in the Irish solar PV developer Power Capital Renewable Energy (PCRE) via its fourth-generation renewable energy fund, Capenergie 4.
With Omnes’ backing, PCRE will focus on developing and building its 500 MW solar PV portfolio in Ireland. The JV between the companies has already yielded its first success: PCRE was awarded a feed-in tariff for four projects with a total of 27 MW in the first auction under the Renewable Electricity Support Scheme (RESS 1) which took place in August 2020.
PCRE’s Irish project pipeline currently stands at 300 MW. The company intends to grow this pipeline through further development, acquisition of assets, and through co-development and partnership opportunities.
Country updates
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November 11, 2020
Bord na Mona begins construction of 75 MW Cloncreen wind project in County Offaly
Bord na Mona has begun construction of the 75 MW Cloncreen wind project in County Offaly in Ireland. The EUR100 million (US$118 million) wind farm, due online in early 2022, will be equipped wit...
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November 03, 2020
Greencoat Renewables completes acquisition of an 11.5 MW wind project in Tipperary
Irish renewable infrastructure company Greencoat Renewables Plc has completed the acquisition of an operational 11.5 MW wind project in Ireland. The 11.5 MW An Cnoc wind farm is located in...
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October 16, 2020
SSE, Coilte to jointly develop 72 MW wind project in Gortyrahilly
Coillte and SSE Plc are considering to jointly develop a 72 MW wind project located in Gortyrahilly town, in Cork county, Ireland. The project is expected to cost about EUR80 million (US$93.86 m...
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September 30, 2020
Ervia, Eirgrid launches tender to provide Economic and Regulation Advisory Services
The commercial semi-state companies of Ervia and Eirgrid has launched an advisory tender that seeks companies that will provide a multi-party framework for the provision of economic and regu...
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September 18, 2020
Bord na Mona wins PPA for 158 MW of Irish wind projects
Bord na Móna’s two major wind farm projects have won in the first competitive auction under the Irish Government’s new Renewable Electricity Support Scheme (RESS-1). Cloncreen Wind...
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