Statkraft has announced its entry into the Irish power market. It has been granted a Supply Licence in ROI and has successfully concluded its first long term REFIT Power Purchase Agreement (PPA). The PPA is with Castledockrell, a 41.4 MW wind farm, for seven years. The timing coincides with the new iSEM market launch on 1st October which requires all generators and suppliers to become “balancing responsible”.
Statkraft will be providing customers with REFIT PPAs where it purchases the power directly from the wind farm.
Statkraft are working closely with its consulting partners, Captured Carbon Limited to build its relationship with customers and service the contracts in Ireland.
With a portfolio of circa 13,000 MW, Statkraft is one of the largest managers of renewable trading in the UK, German and Nordic markets. It is Europe’s largest renewable generator and has been in existence for 120 years. It is owned by the Norwegian Government and has an A-credit rating.
Country updates
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October 03, 2018
Statkraft completes acquisition of Element Power's Irish and UK wind projects
Statkraft has announced that it has acquired the Irish and UK wind development businesses of the Element Power Group. The transaction comprises Element Power Ireland Ltd and three UK project companies...
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September 17, 2018
SSE proposes US$2.2 billion investment in Irish offshore wind
Scottish energy company SSE has disclosed plans to expand the 25.2 MW Arklow Bank offshore wind farm, located off the coast of County Wicklow, eastern Ireland, to over 500 MW. SSE is pr...
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September 11, 2018
Greencoat Renewables agrees to acquire 105 MW wind projects in Ireland from Coillte
Greencoat Renewables PLC has agreed to acquire the majority of Coillte's shareholdings in its portfolio of operating wind generation assets, for a total consideration of €136.1 million....
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August 28, 2018
Greenlink launches tender for construction of its undersea electricity interconnector
Greenlink Interconnector Limited is inviting companies to express their interest to tender for construction of its 205km undersea electricity interconnector between the UK and Ireland. Greenlink...
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August 16, 2018
Financing of the 43 MW wind farm in Mayo, Ireland
Asper Investment Management and the Craydel Group have sealed financing for a 43 MW wind farm located in County Mayo county, in the west of Ireland. The Mayo wind project that has just been fina...
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