trending Market Intelligence /marketintelligence/en/news-insights/trending/IYELQJ53EqSc1yZbgUx_gQ2 content esgSubNav
In This List

Statkraft acquires 320-MW Irish solar development pipeline


Insight Weekly: Banks brace for recession; Europe PE deal values soar; US solar imports rebound


According to Market Intelligence, December 2022


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes


Energy Evolution | How will US Democrats' new deal on climate affect the energy transition?

Statkraft acquires 320-MW Irish solar development pipeline

Statkraft AS has acquired 320-MW solar portfolio in Ireland, made up of projects in an advanced stage of development, from JBM Solar Ltd.

The acquisition adds to the Norwegian power producer's existing wind portfolio in the country, which currently comprises 1.25 GW onshore and 500 MW offshore, according to an Oct. 25 press release.

Statkraft plans to enter several of the solar parks into Ireland's upcoming Renewable Electricity Support Scheme auctions.

"We believe that Ireland will need contributions from all forms of renewable energy to meet 2030 binding targets of reaching 70% green energy," said Statkraft Ireland Managing Director Kevin O'Donovan. "The acquisition of this 320 MW of solar energy further diversifies our own portfolio and continues our upward growth trajectory."

The company also reiterated its commitment to invest €1.5 billion in the Irish renewable energy generation sector.