Bord Gais Energy and Corio Generation have agreed to explore opportunities to supply Ireland’s electricity market with offshore wind power.
The agreement represents Bord Gais Energy’s entry into offshore wind and will play an role in its ongoing commitment to expand its renewable energy portfolio.
Corio has a global pipeline of more than 30GW and is developing the 450MW Sceirde Rocks wind farm off the west coast of Ireland.
Bord Gais Energy and Corio will continue to assess the emerging opportunities in the offshore wind sector in Ireland.
Any specific activities would be undertaken through a newly-registered Irish company, Fuinneamh Og Teoranta.
Speaking ahead of the Energy Ireland Conference, which takes place in Croke Park this week, Dave Kirwan, Managing Director, Bord Gais Energy, said: “This significant partnership with Corio will combine our power generation and route to market expertise, the financial backing of Centrica, and Corio Generation’s global experience in the development of offshore wind projects.”
Jonathan Cole, CEO of Corio Generation, said: “With its extensive coastline, abundant natural resources, and a clear and ambitious government strategy, Ireland is exceptionally well-placed to expand its offshore wind capabilities and enjoy the many benefits this could bring, from greener and more reliable energy to widespread economic investment and community gain.
“By combining Corio’s significant development expertise and Bord Gais’ outstanding track record as a market leader in Ireland’s energy sector, we have established a partnership that is ready to play a major role in Ireland’s energy transition.
“I am delighted to announce this partnership and look forward to the challenges, opportunities and many successes that lie ahead.”
The Irish government has set a goal of generating 80% of electricity through renewables by 2030, including 5GW from offshore wind.
In March 2024, the Department of Energy, Climate and Communications published Ireland’s first ever industrial strategy for offshore wind, with the aim of building a strong and resilient offshore wind supply chain to support the development of offshore wind projects in Ireland and abroad.
This was followed in May 2024 with two further announcements: a future framework document that outlined Ireland’s long-term approach to the growth of offshore wind generation, and a publication on potential areas of development (DMAPS) off the south coast of Ireland ahead of a planned auction round in late 2024.