BNRG Renewables joint venture (JV), BNRG Neoen Holdings Limited, will co-develop a portfolio of 23 projects in the South and East of the country.
The planned total investment in renewable energy infrastructure will exceed €220m, creating up to 60 full-time positions in operation and maintenance, another 2,000 jobs during the construction phase, along with additional indirect jobs supported within the broader supply chain.
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Construction is expected to commence in mid-2018 with the final projects to be constructed by 2020. Multiple projects will be submitted for planning over the coming months. It is widely expected that large-scale solar projects will be support under new renewable energy support policy to be announced this year. The solar parks and farms will connect to the distribution grid network and will meet the electricity demand of around 80,000 homes locally.
David Maguire, Director of BNRG Renewables said: "This unique partnership represents a significant investment in renewable energy in Ireland and will be well positioned to deliver first class projects, and real value to the Irish consumer.
"We are delighted to partner with Neoen on our Irish portfolio and look forward to working closely together. There is an excellent strategic alliance between the two groups as both continue to expand their activities in Ireland and internationally."
(CD/MH)
