ESB and Parkwind have partnered to capitalise on the combined experience of our two organisations to deliver offshore wind projects off the Irish Coast. Clogherhead Offshore Wind Farm will be the second project co-developed by this partnership, following on from the nearby Oriel Wind Farm Project which is expected to commence construction in in 2023.
Established in 1927, ESB operates right across the electricity market: from generation, through transmission and distribution to the supply of customers. ESB is the owner of the distribution and transmission networks in the Republic of Ireland (ESB Networks) and Northern Ireland (Northern Ireland Electricity Networks), with a combined Networks Regulated Asset Base of €9.6bn. In 2020 it had a 29% share of generation in the all‑island market (ESB Generation and Trading) and a 34% share of electricity supply in the all-island market (Electric Ireland) with 1.25 million customer accounts.
ESB is a leading developer of renewable power projects in Ireland and the UK. In 2018, it acquired a stake in the now operational Galloper offshore wind farm off the Suffolk coast. ESB is currently developing Neart na Gaoithe and Inch Cape projects in Scotland as well as a number of early-stage projects around the Irish Coast.
ESB contributes almost €2 billion annually to the Irish economy through dividends, investments, taxes and jobs. ESB provides significant employment both directly, with over 7,900 employees, and indirectly through contractors and service providers.
More information on ESB can be found here.
Parkwind, established in 2012, is a full life-cycle business that develops, finances and operates offshore wind farms. With 771 MW under operational management spread across four wind farms in the North Sea and 577 MW under development, it has steadily become one of Europe’s leading independent offshore industry companies.
Parkwind’s policy is to reinvest all profits into future offshore wind energy projects to accelerate the transition to green energy by contributing to the European climate and energy policy.
With more than 120 professionals operating from its headquarters in Belgium, Parkwind also has an Irish office established in 2017.
Parkwind holds several engineering patents and is equally active in numerous European R&D initiatives related to materials science and energy storage involving hydrogen..
More information on Parkwind can be found here.