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EDF Group Acquires 50% of Codling Offshore Wind Project in Ireland

Power News - Published on Fri, 21 Feb 2020

Image Source: thirdlight.com
The EDF Group has bought a 50% interest in the Codling offshore wind farm project in Ireland from Hazel Shore. Its subsidiary EDF Renewables, dedicated to wind and solar energy across the globe, will now partner with Fred Olsen Renewables Ltd, which already owns 50%, to develop and build this project. The Codling project is located south of Dublin, 13 km off the coast of County Wicklow thus benefitting from the favourable conditions for offshore wind off the east coast of Ireland. The initial development work started in 2003. Codling is spread across two sites, one of which, Codling 1, is consented. As an indication, the capacity of the project should be around 1 GW of installed capacity.

This acquisition comes after the Irish Government set out the country’s clear commitment to reduce carbon emissions. In July 2019 it adopted a Climate Action Plan which specifies, among other things, to grow renewables in order to provide 70% of electricity generation by 2030. Offshore wind is expected to deliver at least 3.5 GW in support of reaching this target. Over the next couple of years, project development will continue with the intention that Codling will make a significant contribution to achieving the Irish Climate Action Plan targets.

Source :

Posted By : Rabi Wangkhem on Fri, 21 Feb 2020
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