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Financing Completed For 3 Solar Plants, Including One In Kildare.

Thursday, 12 August 2021 14:15

By Ciara Plunkett @plunkettciara

Stock image: Pexels

Neoen and BNRG says total project costs amount to around €39 million.

Financing has been completed for three solar plants, one of which is in Kildare.

Neoen and its partner BNRG says facilites, at Hortland in Donadea, and in Meath and Wicklow, are among the first large-scale solar projects under construction in theIreland

The projects were successful in the first auction of the Irish government’s Renewable Electricity Support Scheme

The electricity produced by the plants will benefit from support from the Irish State through a Contract for Difference mechanism up to 2037

Total project costs will amount to approximately €39 million, excluding financing costs.

The Kildare project, on a 38 hectare site outside Hortland, Donadea, has an operational life-span of 35 years.

Cyril Perrin, Managing Director of Neoen Ireland: says “We are delighted to be among the first companies to harness the potential of solar energy in the Republic of Ireland. The construction of the three solar plants complements the eight wind farms we already have in operation and a portfolio of over 300 MW of wind and solar projects in development, showing Neoen’s dynamism in the Irish market. " and Xavier Barbaro, CEO and Chairman of Neoen: says “We are proud to have been selected by the Irish government and are looking forward to showing our value as a reliable long-term partner for the various parties involved in these projects. I would like to congratulate our Irish team for all their hard work. Ireland offers exciting prospects for Neoen and is a country in which we are planning to further boost our development and pace of investment.”

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