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Danish energy company Obton has confirmed plans to double its investment in the Irish solar energy market in the years ahead.
The company said it expects to expand its portfolio and solar energy projects here to reach a capacity of 1 Gigawatt (GW) by 2026.
That would see total value of its investment here in solar reaching €750m.
Obton formed a joint venture with the Irish energy company Shannon Energy in recent years to build solar farms using Photovoltaic panels, which use the sun s energy to convert daylight into renewable energy.
The partnership was awarded contracts last year for 11 solar projects in the first round of the Government s Renewable Electricity Support Scheme (RESS).
Tuesday, 04 May 2021
Obton and its Irish partner Shannon Energy has confirmed it will double its investment in the Irish market, bringing their total portfolio and pipeline of projects in the country to a total value of 750 million.
Obton has confirmed it is set to double its investment in the Irish solar energy market, as they plan to expand their portfolio and solar energy projects in the country to reach a total capacity of 1 Gigawatt (GW) by 2026.
The major investment boost, from Danish solar photovoltaic (PV) business Obton and its Irish partner Shannon Energy, will see the total value of their portfolio and projects reach an investment of 750 million in the sector in Ireland over the next five years.
Published: 4 May 2021, 11:57
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One of Obton Energy s solar plants in Holland, Solcellepark Jlousberg. Image: Obton.
Danish solar PV business Obton has announced it is to double its investment in Irish solar partner Shannon Energy.
This brings its portfolio and pipeline of projects to a total value of €750 million (£649 million), with Obton also increasing its ambition to reach 1GW of capacity in Ireland by 2026.
Anders Marcus, CEO of Obton, said they were “delighted” by the expansion, which represented an enhanced commitment to the Irish market.
“Our partnership with Shannon Energy has successfully facilitated our investment in the Irish market and we look forward to continuing to expand the role of solar as part of the Irish government’s ambitious objective of having 70% renewable energy by 2030.”