Power Capital Renewable Energy selects Voltalia to build and maintain solar farms totalling 230 megawatts
02 August 2023 - 6:00PM
Power Capital Renewable Energy selects Voltalia to build and
maintain solar farms totalling 230 megawatts
Power Capital Renewable Energy selects Voltalia
to build and maintain solar farms totalling 230 megawatts
Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable energy, has
been retained by Power Capital Renewable Energy, a leading
independent power producer headquartered in Ireland, to build,
operate and maintain four photovoltaic projects located in the
south-east of the Republic of Ireland, with a total capacity of
230 megawatts.
The Lysaghtstown plant in County Cork will have
capacities of 131 megawatts, the Tullabeg plant in County
Wexford will have a capacity of 83.9 megawatts, while the
Painestown plant in County Meath and the Beaulieu plant in County
Louth will have capacities of 9.3 and 6.6 megawatts
respectively.
The four projects are currently under
construction. Once complete in 2023 for the smaller sites and in
2024 for the bigger sites, the photovoltaic plants will sell their
electric power through long-term contracts within the tech
sector.
Voltalia designs and builds the projects. After
completion, Voltalia will operate and maintain the facilities on
behalf of Power Capital for a period of 15 years.
Power Capital Renewable Energy, Voltalia and
their contractors will employ up to 400 people onsite. These
local teams are being supported by Voltalia’s offices in Portugal,
where Voltalia has established a Global Solar Hub, supporting
clients around the world. Voltalia’s expert team comprises of over
200 people in the fields of photovoltaic engineering,
procurement, construction, production management, maintenance and
distribution.
All four solar projects are owned by Power
Capital Renewable Energy, a leading Irish independent power
producer focusing entirely on renewable energy and battery
storage.
“We are delighted to announce this latest
construction and maintenance contract in Ireland, our largest. It
is our third contract on the island after building and maintaining
four other projects for other clients. Our leading position will
allow us to serve well Power Capital and other existing and future
clients in this market”, said Sébastien Clerc, CEO of Voltalia.
“It is great to see the construction of this
part of our portfolio of solar farms in Ireland progressing well.
We look forward to working with the Voltalia team over the coming
years. This portfolio of projects should make a significant
contribution to Irelands energy transition and marks a milestone
for both companies.” said Justin Brown-Peter Duff,Co-CEO of Power
Capital.
About
PowerCaptal (
www.powercapital.ie)
Power Capital Renewable Energy is an IPP
established in Ireland in 2011. In 2020 Omnes Capital made a
strategic investment in the company. The company has since grown
its Irish pipeline to 5 GW and has also been growing its
international presence, through the acquisition of a development
platform in the United States with a 5 GW pipeline.
The Dublin based office has a growing team
spread across engineering, finance, legal, environmental planning,
and construction. The company is continuing to develop solar
projects in Ireland and is also developing grid scale battery
storage sites. Power Capital is currently constructing over 230 MW
of solar farms across Wexford, Cork, Meath and Louth under
Corporate Power Purchase Agreements. Power Capital was also
successful with over 300 MW of solar in the RESS-2 auction which
will commence construction later in 2023.
PR Manager Avila LipsettEmail : avila@societypr.ie +33 (0)8 68 18
01 90 |
About Voltalia
(www.voltalia.com)
Voltalia is an international player in the
renewable energy sector. The Group produces and sells electricity
generated from wind, solar, hydraulic, biomass and storage
facilities that it owns and operates. Voltalia has generating
capacity in operation and under construction of more than 2.7 GW
and a portfolio of projects under development representing total
capacity of 14.2 GW.
Voltalia is also a service provider and supports
its investor clients in renewable energy projects during all
phases, from design to operation and maintenance.
As a pioneer in the corporate market, Voltalia
provides a global offer to private companies, ranging from the
supply of green electricity and energy efficiency services to the
local production of their own electricity.
With more than 1,550 employees in 20 countries
on 3 continents, Voltalia has capacity to act globally for its
customers.
Voltalia is listed on the regulated market of
Euronext Paris, compartment B (FR0011995588 – VLTSA) and is part of
the SBF 120, Enternext Tech 40 and CAC Mid & Small indices. The
Group is also included in the Gaïa-Index, an index for socially
responsible midcaps
Voltalia
Loan Duong, Head of Communications & IR
Actifin
l.duong@voltalia.com
Press Contact: Jennifer Jullia
Investor Relations : invest@voltalia.com
jjullia@actifin.fr . T. +33 (0)1 56 88
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- Power Capital Renewable Energy selects Voltalia to build and
maintain solar farms totalling 230 megawatts
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