US investment giant Carlyle is buying eight solar-powered electricity projects from Irish business BNRG in a €110 million deal.
Dublin-based BNRG develops and operates solar farms in the Republic, Europe, the US and Australia. The company confirmed on Tuesday that it is selling eight solar projects that it is building in the US state of Maine to Acadia Renewable Energy, an affiliate of $221 billion (€187 billion) investment business, Carlyle.
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High grid connection costs resulted in a solar strike price in Ireland’s first Renewable Electricity Support Scheme (RESS) auction “significantly higher than anywhere else in Europe” according to the Irish Solar Energy Association(ISEA).
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Dozens of solar farms will begin springing up across the country next year after the first contracts for the supply of energy from the sun to the national grid were announced.
A total of 63 solar farms were included in the inaugural Renewable Energy Support Scheme (RESS) auction, along with 19 wind farms.
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IFSC-headquartered developer predicts its US portfolio will grow to a total value of €336m Irish solar energy has attracted increased levels of interest as improved technologies have made it possible to generate power from solar panels in the Irish climate Irish solar energy developer BNRG renewables has struck a financing deal for the first projects…
Read moreDavid Maguire, Chairman of ISEA, spoke at the Climate Action meeting with the Joint Oireachtas Committee, highlighting issues with planning and grid connection as barriers for domestic and commercial solar development.
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David Maguire spoke with Karl Fitzpatrick on South East Radio’s Business Matters on Saturday, September 1. You can listen to the interview here until September 13.
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Recently, BNRG Director David Maguire spoke with Paul O’Donoghue, the Irish Business Reporter for The Times about solar PV in Ireland: He doesn’t mean to, but David Maguire is completely talking over my head. Mr Maguire is the boss of BNRG Renewables, one of the country’s only solar power developers of scale, and head of…
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