REG-Ørsted A/S Ørsted secures solar and wind renewable energy contracts under Irish RESS 3 auction

Oersted A/SAnnouncement

27/09/2023 14:00

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   Ørsted A/S (Orsted)
   Ørsted secures solar and wind renewable energy contracts under Irish RESS
   3 auction

   27-Sep-2023 / 14:53 CET/CEST

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   27.9.2023 14:53:39 CEST | Ørsted A/S | Investor News

   Ørsted has secured two contracts in the Irish Government’s third onshore
   Renewable Electricity Support Scheme (RESS 3) auction. The approved Ørsted
   projects were the 81 MW Garreenleen Solar Farm in Carlow, and the 43.2 MW
   Farranrory Onshore Wind Farm in Tipperary.

   Commenting on the provisional results of the RESS 3 auction, KieranWhite,
   Senior Vice President of Onshore in Region Europe at Ørsted, said: “With a
   combined output of 124 MW, these projects will assist in driving down the
   cost of electricity compared to fossil fuel generation and contribute to
   Ireland’s overall energy independence while meeting our value creation
   targets. We expect to deliver the projects before 2030 within the RESS 3
   timelines.”  

   A total of 24 onshore wind and solar projects, including Ørsted’s two
   projects, cleared in the RESS 3 auction at an average strike price of EUR
   100.47 per MWh. 

   Ørsted’s Irish headquarters are based in Cork City, where it employs over
   100 people. Ørsted currently operates 378 MW of onshore wind across the
   island of Ireland, producing enough power for over 230,000 homes. Ørsted
   recently announced a partnership with ESB to jointly develop an Irish
   offshore wind portfolio and a partnership with Terra Solar to develop
   400MW of solar energy.

   Ranked as one of the world’s most sustainable energy companies, Ørsted has
   over 5.7 GW of onshore renewables in operation, under construction or
   consented across the United States and Europe.  
    
   For further information, please contact:

   Media Relations
   Tom Christiansen
   +45 99 55 60 17
    1 tomlc@orsted.com 

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 IR@orsted.com 

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and was the first
   energy company in the world to have its science-based net-zero emissions
   target validated by the Science Based Targets initiative (SBTi).
   Headquartered in Denmark, Ørsted employs approx. 8,700 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's
   revenue was DKK 132.3 billion (EUR 17.8 billion). Visit  3 orsted.com or
   follow us on Facebook, LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Investor News - Ireland RESS3.pdf

   News Source: Ritzau

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  274374
   EQS News ID:   1735989


    
   End of Announcement EQS News Service

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References

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