EDF Group has acquired a 50% interest from Hazel Shore in the Codling offshore windfarm project in Ireland
EDF Renewables will now partner with Fred Olsen Renewables Ltd, which already owns 50%, to develop and build the project.
The Codling project is located south of Dublin, 13 km off the coast of County Wicklow, benefiting from the favourable conditions for offshore wind off the east coast of Ireland.
Initial development work started in 2003. Codling is spread across two sites, one of which, Codling 1, is consented. The capacity of the project should be around 1 GW.
The acquisition comes after the Irish Government set out the country’s 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.
EDF Group senior executive vice-president renewable energies and chief executive of EDF Renewables Bruno Bensasson said, “We are very pleased to join the Codling offshore wind project in partnership with Fred Olsen Renewables. We are committed to contributing to the Irish Government’s renewables goals.
“This important project strengthens our ambition to be a leading global player in the offshore wind industry. This is consistent with the CAP 2030 strategy that aims to double EDF’s renewable energy generation by 2030 and increase it to 50 GW net.”
EDF Renewables UK and Ireland chief executive Matthieu Hue said, “This is a very exciting move for us and we are really pleased to have arrived in Ireland. It is a country which has strong commitments to renewables and we are keen to support Ireland’s energy and climate ambitions. We already have an office in Dublin and are looking for further renewables projects to add to our growing portfolio.”
A spokesman for Hazel Shore said EDF’s arrival in Ireland as a strategic investor and partner in the Codling project was a crucial step in delivering on a vision which began in 2003.