Kilathmoy will be Statkraft's first wind farm investment in Ireland
Statkraft starts construction of Kilathmoy wind farm in Ireland
(Cork/Oslo, 25 October 2018) Statkraft, Europe’s largest producer of renewable energy, has decided to start construction of the 23.1 MW Kilathmoy wind farm in south-west Ireland.
The Kilathmoy wind farm on the border between Limerick and Kerry counties in south-west Ireland will be Statkraft’s first wind farm in the Republic of Ireland. The investment decision follows only a few weeks after the acquisition of Element Power Ireland Ltd and its significant project portfolio of 1,300 MW in Ireland.
“We are very pleased to announce our first investment decision in Irish renewables. Statkraft is already Europe’s largest producer of renewable energy and sees Ireland as a key market given its significant renewable energy resources. We are already playing a leading role in the transition to a low carbon future and believe that our experience and capabilities will be of service to Ireland in this transition over the coming years,” says Kevin O’Donovan, Head of Development in Statkraft Ireland.
Construction of Kilathmoy Wind Farm is due to start in November. The project will use seven Nordex N100 turbine 3.3 MW wind turbines and is expected to be fully commissioned in late 2019. The total investment in the project, including the site purchase and development costs, is expected to amount to 31.5 million Euro.
Further investments in Irish renewables
Statkraft is already Europe’s largest producer of renewable energy and has an ambition to grow further within hydropower, wind and solar power, as well as market operations in Europe, South-America and India. Ireland is one of the selected new growth markets for onshore wind and solar power in Statkraft, and further investments in Irish renewables fit well into Statkraft’s growth strategy. The company’s ambition is to increase its portfolio of wind power assets to 6,000 MW by 2025. “We are interested in developing relationships with people from all sectors including industry, utilities and local communities where opportunities may be present, with the view to assessing how we can bring forward sustainable and appropriate renewable energy projects,” adds Kevin O’Donovan.