Cork solar project to power up to 16,000 homes
RDJ advised Danish energy company, Ørsted on its acquisition of its first Irish solar farm in an agreement with renewable energy developer Terra Solar.
The Ballinrea solar project, located between Carrigaline and Cork City, will power up to 16,000 homes when fully built and operational, with construction on the project due to begin in 2024. The project is scheduled to be operational by 2025 and will add a further 65MW of solar to Ørsted’s global goal of 17.5GW of onshore renewables by 2030.
Ørsted’s Irish headquarters are based in Cork City, where it employs 90 people.
The RDJ transaction team included Marie Gavin (Corporate and Commercial), John Cuddigan (Tax), Pat Ahern (Real Estate), JP Gilmartin (Corporate and Commercial), Georgina Wallace (Construction) and Katie O’Neill (Corporate and Commercial).