• Discussions aimed at building on successful track record of working together and complementary skills, expertise and assets
11 February 2019
ESB has today announced that it is engaged in bilateral discussions with Coillte which, if successful, would lead to the establishment of a new joint venture development company to deliver 1,000 MW of renewable energy by 2030.
It is proposed that a new Joint Venture will build on a successful track record of the two companies working together at Raheenleagh and Castlepook wind farms, in Co Wicklow and Co Cork respectively, where approximately 70MW of operational capacity has been developed.
With appropriate approval in place, construction of the projects would commence in the early 2020s. They would be sensitively located, building on ESB’s and Coillte’s long experience of working with communities across the country.
ESB operates across the electricity market: from generation, through transmission and distribution to the supply of customers with an expanding presence in the Great Britain generation market. In addition we extract further value through supplying gas, energy services and using our networks to carry fibre for telecommunications. ESB is the owner of the distribution and transmission networks in the Republic of Ireland (via ESB Networks) and Northern Ireland (via Northern Ireland Electricity Networks Ltd).
ESB is a leading developer of renewable power projects in both Ireland and Great Britain and it is currently involved in construction of Grousemount Wind Farm (114MW - South Kerry) and Oweninny (89MW - North Mayo).
ESB contributes almost €2 billion annually to the Irish economy through dividends, investments, taxes and jobs. ESB provides significant employment both directly, with over 7,790 employees, and indirectly through contractors and service providers.