Leading the transition to a low-carbon future
To meet ESB's strategic objective of supporting the decarbonisation of the electricity sector, we are investing in renewable energy assets across a range of technologies including onshore and offshore wind and solar energy.
It is our ambition that we will generate 40% of our electricity generation from renewable assets by 2030 with 3.5GW of offshore wind, 8.3GW of onshore wind and 1.5GW of solar (dependent on planning and development). We remain committed to completely transforming our generation portfolio, replacing old plant with a mixture of renewables and high efficiency gas.
Generation Trading is also developing assets that will support the grid to transition to a low-carbon future such as battery and storage assets and flexible gas fired units that respond quickly to system demand, which will be key to facilitating large scale renewables in the future.
Our renewable energy projects
- In 2019, we added the 89MW Oweninny Wind Farm project in Co Mayo (joint venture with Bord na Mona) to our portfolio while the 114MW Grousemount windfarm in Co Kerry will be fully commissioned in 2020.
- We announced in 2019 our intention to partner with Coillte to create a joint venture to develop onshore wind assets on Coillte owned land in Ireland.
- We are also continuing to develop a pipeline of around 1GW of onshore wind assets in Scotland and Wales.
- Building on the acquisition of a stake in the Galloper windfarm in 2018, ESB acquired a 50% shareholding in the Neart na Gaoithe 448 MW offshore wind farm project, located off the east coast of Scotland. The construction phase of the project has commenced and ESB is looking forward to partnering with EDF on this project.
- ESB is partnering with Parkwind in the development of the Oriel and Clogherhead Wind farms and more recently GT has also entered into key strategic partnering agreements with Equinor to co-develop offshore wind assets in Ireland.
ESB and Bord na Mona solar development
- We have entered a strategic partnership with Bord na Mona to develop solar projects on disused peatlands which will provide renewable energy to power the equivalent of 150,000 homes. The joint venture will access part of Bord na Móna’s land bank in strategic locations across the Midlands which is suitable for large scale solar energy projects and brings together the expertise of two leading commercial semi-state companies in renewable energy with significant projects that support Ireland’s energy transition. More information can be found here.
Bringing renewable power to Scotland
- ESB opened a Glasgow office in 2017 to continue its development of high quality renewable energy generation projects in Scotland. ESB has earmarked 800MW of clean electricity generation in Scotland, primarily onshore wind. Working in partnership with windfarm developers, including through development partnerships with Coriolis and REG Holdings, ESB has 11 windfarms in development, aiming to bring its total investment in onshore wind across Great Britain to over one gigawatt by 2030.