Together, BayWa r.e. and Rengen Power intend to realise wind projects with a total output of 350 MW over the next three years and thus play a significant role in the development of the wind energy market in Ireland.
In addition, further opportunities to develop renewable energy projects throughout the country will be explored.
Declan Cullinane, Country Manager Ireland, BayWa r.e. Ireland Ltd, comments: "We are delighted to be expanding our presence in the Irish market with this important partnership. Rengen Power is the perfect partner for us to strengthen our commitment to Ireland. We have a similar history of origins, a similar approach to development and the same responsible attitude towards the environment. We are both keen to build good relationships with communities at a local level."
Operate without subsidies
Gordon MacDougall, Managing Director, BayWa r.e. UK Ltd, added: "Thanks to the cooperation with Rengen Power, we have expanded BayWa r.e.'s current project pipeline in Ireland to 600 MW. The cooperation will enable us to realise subsidy-free projects and support the Irish government's goal of switching 70% of the electricity supply to renewable energies by 2030. This will put us in a leading position in the Irish market."
See also: First test site for bifacial PV modules in Ireland
Rengen Power will benefit from BayWa r.e.'s extensive experience in plant development as well as technical and commercial management. This opens up enormous potential for the company to generate more renewable energy.
Wind and solar plants of more than 2.3 GW
"The partnership with BayWa r.e. is an important milestone in the history of Rengen Power," comments the company's CEO, Mike Quinn. "Working with such an experienced, highly respected and international company comes at a crucial time: we need to meet global demand for green energy, reduce our carbon footprint and lower energy costs."
Also interesting: BayWa achieves first goal of its climate strategy
BayWa r.e. has already been active in the Irish market since 2019. In the UK and Ireland, the company operates wind and solar plants of more than 2.3 GW with a team of 115 employees. (mfo)
