Power NI owner Energia takes over solar energy developer in Co Meath
Irish energy provider and infrastructure investor Energia Group has acquired solar energy developer Solar Farmers Ltd which has two solar projects in Meath.
Energia Group will develop the two projects that will produce enough electricity to power 9,000 homes, with the intent to further expand the plants to a scale that could service 58,000 homes in the future.
The two solar projects, Glenamoy and Darthogue in Co Meath, have planning permission for the construction of solar infrastructure that will generate up to 32MW of exported power with the potential for future expansion to 220MW.
Energia did not disclose the value of the deal but the investment is the first solar acquisition under the group's five-year €3bn 'Positive Energy' renewable energy investment programme which it announced earlier this year.
"This is a very important agreement for Energia as it marks our first large-scale solar generation project," said Garrett Donnellan, head of corporate development.
"Earlier this year we announced our Positive Energy investment strategy and commitment to help Ireland meet its climate change and carbon reduction objectives.
"This announcement is part of that programme and an illustration of our intent.
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"We have invested in these projects as they are in line with our strategic objectives as a green energy provider and they offer the potential for future growth that will deliver for our customers, the communities we serve and broader corporate commitments."
Energia Group, which includes Power NI in Northern Ireland, has a turnover of €2bn, employing over 800.
The group rebranded from Viridian earlier this year.