German energy company RWE said it plans to invest €1.5 billion in renewable projects in Ireland.
German energy company RWE said it plans to invest €1.5 billion in renewable projects in Ireland over the next eight years.
RWE has long-term investments in onshore wind, offshore wind and battery storage projects across Ireland with an objective to grow a renewables business across a portfolio of technologies. The company's largest development project in Ireland is currently the Dublin Array offshore wind project, based in North Wicklow and South Dublin, which it is developing in partnership with Saorgus Energy. Once fully operational, it will be capable of generating between 600MW to 900MW of clean electricity.
At today’s Wind Energy Ireland conference in Dublin, RWE Ireland called for faster planning decisions and clear policy framework for renewables from the Irish Government in order to deliver the country's 2030 targets. Later this year, the Government is due to launch its first ever offshore wind energy auction, which will guarantee providers a price for their renewable power.