Iberdrola has purchased a controlling stake in DP Energy’s offshore wind pipeline in Ireland, totaling 3 GW.
The ventures are situated in three clusters on the east, west and south coasts of the country, each of which will be ready for the upcoming offshore auctions in 2025-2030.
The deal also involves the purchase by Iberdrola of a majority stake in the business generated by DP Energy, which will be responsible for the construction of this wind pipeline in Ireland.
The projects involved in the deal are the Inis Ealga Wind Farm on the south coast of Co Cork and the Clarus Project on the west coast of Co Clare, all of which are to be built using floating offshore wind technologies. In addition, the Shelmalere project will be situated off the east coast and will be built on fixed foundations. When operating, the schemes would produce enough renewable electricity to supply the equivalent of 2.6 million households in Ireland.