MYTILINEOS to supply solar power for Keppel’s data centers

MYTILINEOS will supply renewable energy from solar farms in Ireland to power two of Keppel DC REIT's data centers in Dublin.

Share:

Fournira de l'Énergie Solaire pour les Centres de Données de Keppel à Dublin.

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Keppel DC REIT and MYTILINEOS Energy & Metals sign two long-term PPAs (Power Purchase Agreements) to supply Keppel’s Dublin data centers with solar power. These solar farms, located in Gorey, Wexford, and Goresbridge, Kilkenny, have a collective capacity of 14.28MW and will generate around 13.6GWh of renewable electricity per year, while reducing CO2 emissions by over 6,250 tonnes per year.

Keppel DC REIT’s commitment to Net Zero

Gary Watson, Country Manager for Keppel DC REIT in Ireland, said the initiative is part of the company’s commitment to achieving Net Zero by 2030, in line with Ireland’s Climate Action Plan and the Carbon Neutral Data Center Pact. This agreement covers around 92% of the combined energy needs of Keppel’s two data centers with Irish renewable sources. The solar farms are being developed by M Renewables, a subsidiary of MYTILINEOS, renowned for its successful projects around the world. M Renewables took charge of the EPC (Engineering, Procurement, and Construction) of the solar farms. These facilities will supply around 11% of the total energy needs of Dublin’s data centers when completed in summer 2024.

Impact and outlook for MYTILINEOS in Ireland

Nikos Papapetrou, Executive Director of M Renewables MYTILINEOS, emphasized that this first PPA in Ireland strengthens the company’s presence in the local renewable energy market and opens up significant growth opportunities. MYTILINEOS, which has been operating in Europe and the UK for ten years, sees Ireland as a strategic country for its solar, storage and hydrogen activities.

A global project

MYTILINEOS currently manages a global portfolio of energy projects totaling around 10GW, with dynamic expansion on five continents. By working with Keppel DC REIT, MYTILINEOS is helping to reduce the carbon footprint of data centers, a key sector of the digital economy. Data centers are major consumers of energy, and their supply with renewable energy is crucial to the transition.

Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.
The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
Mexican state-owned company Pemex confirmed the partial acceptance of bond securities under its debt repurchase offer, with a total allocation of $9.9bn, following strong oversubscription.
Swiss energy company MET strengthens its footprint in Central and Southeast Europe with the full acquisition of MET Slovakia and the launch of a new operational subsidiary in Albania.
UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.
Spruce Power launches an internal reorganisation aimed at reducing annual operating costs by $20mn, with the closure of its Denver office and a refocus on key initiatives to strengthen profitability.
TotalEnergies’ Board of Directors is adjusting its shareholder return strategy while consolidating its multi-energy growth and employee shareholding plan amid an uncertain energy and geopolitical landscape.
Fermi America has signed two letters of intent with Siemens Energy to supply an additional 1.1 GW of gas turbines and collaborate on nuclear steam turbines as part of its 11 GW private energy campus dedicated to artificial intelligence.