ESB – a prominent electricity supplier based in the Republic of Ireland – has entered into a development partnership with Coriolis Energy to develop 400MW of new onshore wind power in Scotland and England.
The majority of projects within the portfolio are located in Scotland but opportunities for new windfarm developments will be pursued throughout the UK.
This agreement strengthens ESB’s commitment to the expansion of its onshore wind portfolio in the UK market. The partnership has a significant pipeline of development projects with a projected capacity of up to 400 MW across nine projects.
This will potentially translate into an overall capital investment of approximately £600m. The generation output would be sufficient to power 225,000 homes with the first project planned to be operational by 2019.
Pat O’Doherty, ESB Chief Executive, said: “The partnership with Coriolis Energy confirms our continuing commitment to renewable electricity generation and to further reducing the carbon mix in our portfolio.”
David Murray, Managing Director, Coriolis Energy, said: “This new partnership with ESB underlines our position as one of the UK’s leading independent onshore wind developers.”
“ESB’s scale, capabilities and desire to build a substantial onshore wind portfolio in the UK make them an ideal long term partner, both for us and our project landowners.”
With offices in Maidenhead and Glasgow, Coriolis Energy has been operating in the UK since 2007 and has successfully completed the development of 5 wind farm projects with a combined capacity in excess of 100 MW during that time.
With an asset base worth £8.5 billion, ESB has a track record of over 20 years as a successful investor in the UK since it commissioned one of the first independent power generation plants at Corby in Northamptonshire in 1994.
ESB is the only company currently building new gas-fired combined cycle generation in the UK with its investment in Carrington in Manchester. Carrington will be capable of generating enough electricity for 1.5 million homes and should come online in the first half of 2016.