German energy firm innogy has made inroads into expanding into the Irish renewable energy market following the purchase of the 10.2 mW Dromadda Beg wind farm.
The three wind turbine site in Co. Kerry received planning approval in 2014, according to innogy.
innogy founded a subsidiary, Innogy Renewables Ireland Ltd, in September 2016 after deciding to enter the Irish wind-power market and expand its activities in the area of renewable energies.
In the UK, innogy claims to be one of the most important operators of wind power plants, adding that expanding to Ireland “is a logical step forward”.
Peter Terium, CEO of innogy, commented on the move, saying: “With the Dromadda Beg project we are taking a first step towards entering the promising Irish onshore wind market, thereby implementing our expansion strategy.
Ireland is an exciting market for us and I am very pleased to have made our first acquisition there, which is to be followed by others.
Hans Bunting, Chief Operating Officer, Renewables, innogy, also spoke on the expansion, saying: “We want to drive our activities in Ireland through the acquisition of existing onshore wind projects as well as through the development of new projects.”
About innogy
innogy, headquartered in Essen, Germany, has branches in several European countries, in divisions such as renewables, retail and grid and infrastructure. It serves 23 million customers in Europe and has about 40,000 employees in Europe. It is majority owned by German utilities firm RWE.