ESB awards 124.2 MW solar EPC to Renvolt in Ireland
124.2 MW
Capacity
construction
Stage
Wexford Hub
Project
Renvolt, a subsidiary of Voltalia, has been awarded an EPC contract by ESB to build the 124.2 MW Wexford Hub solar plant in Ireland. Renvolt will also handle the operations and maintenance (O&M) of the plant. The project owner and client is ESB, commissioning the development of the solar power plant in County Wexford. With the addition of Wexford Hub, Renvolt’s total capacity currently under construction for third parties now exceeds 1 GW.
Deal Analysis
ESB's award of the 124.2 MW Wexford Hub solar EPC contract to Renvolt, a subsidiary of Voltalia, represents a significant step in Ireland's renewable energy development. The project, located in County Wexford, will be constructed and subsequently maintained by Renvolt, further solidifying Voltalia's position as a key player in the European renewable energy market. This deal underscores ESB's commitment to expanding its renewable energy portfolio and contributing to Ireland's climate goals. The addition of this project brings Renvolt's total capacity under construction for third parties to over 1 GW, demonstrating their growing capabilities and market presence.
The Wexford Hub project is notable for its size, contributing substantially to Ireland's solar capacity. The involvement of ESB, a major Irish utility, and Voltalia, a recognized international renewable energy developer, adds credibility and scale to the project. While the financial details remain undisclosed, the project's capacity suggests a substantial investment. This deal signals continued growth in the Irish solar market and highlights the increasing attractiveness of Ireland for renewable energy investments.
- 124.2 MW solar EPC contract awarded to Renvolt by ESB.
- Renvolt will handle both EPC and O&M for the Wexford Hub project.
- Voltalia's total capacity under construction for third parties now exceeds 1 GW.
- ESB is commissioning the development of the solar power plant in County Wexford.
Market Context: The European solar market, particularly in countries like Ireland, is experiencing significant growth driven by government policies, declining technology costs, and increasing demand for clean energy. This deal reflects the ongoing trend of utilities partnering with experienced renewable energy developers to expand their solar portfolios.
Counterparts (3)
EPC Contractor
Market Context
This deal is part of the Solar, Solar Pv sector in Ireland.
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