Ørsted takes final investment decision on Ballykeel Onshore wind farm

  •  Ørsted’s Board of Directors has taken the final investment decision (FID) on Ballykeel Onshore Wind Farm under first-ever utility-scale CPPA in Northern Ireland 

    The 16 MW wind farm will be located in the Antrim region in the north-eastern part of the country.

    Ballykeel was acquired by Ørsted in June 2021, and the FID follows the long-term fixed-price corporate power purchase agreement (CPPA) signed with Amazon announced in December last year, under which Amazon will offtake all power produced by the wind farm. The CPPA is the first of its kind to be signed in Northern Ireland. 

    RELATED: Three NI companies investing over £1m in renewables sector growth

    Speaking about the developments, Kieran White, Vice President and Managing Director of Ireland & UK Onshore in Ørsted, said: This project is the first project in Northern Ireland to reach FID under a corporate PPA, which shows that it’s possible to add green power to the Northern Ireland grid in the absence of government subsidies for renewable projects.” 

    The wind farm is expected to be operational in 2023 and will bring Ørsted Onshore capacity in Ireland to 372 MW in operation and under construction

    RELATED: Onshore Wind Prospectus highlights job creation and cheap power

    Ørsted Onshore entered the European market in April 2021 with the acquisition of Ireland and UK onshore wind business Brookfield Renewable Ireland and has announced that it is continuously evaluating opportunities to enter other European markets.

    The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2021 or the announced expected investment level for 2021.

    Source: Written from press release.

    About the author

    Aoife is a Sync NI writer with a previous background working in print, online and broadcast media. She has a keen interest in all things tech related. To connect with Aoife feel free to send her an email or connect on LinkedIn.

    Got a news-related tip you’d like to see covered on Sync NI? Email the editorial team for our consideration.

    Sign up now for a FREE weekly newsletter showcasing the latest news, jobs and events in NI’s tech sector.

Share this story