Ørsted Acquires Solar Project in Ireland

Ørsted acquires its first Irish solar project. Located in Cork and with a capacity of 65 MW, it will be operational in 2025.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 $*

then 199 $/year

*renews at 199$/year, cancel anytime before renewal.

Ørsted has completed the acquisition of the Ballinrea solar project in Cork, Ireland. With this acquisition, the company is taking another step towards its climate goals.

Ballinrea Solar Farm, Ørsted’s latest acquisition

Ørsted has completed the acquisition of the Ballinrea solar photovoltaic project in Ireland from experienced renewable energy developer Terra Solar. The 65 MW solar project will be located in Cork, Ireland’s second largest city. In addition, it will become Ørsted’s first solar project in the country.

Ballinrea Solar Farm is expected to generate enough green energy to power up to 16,000 Irish homes. This represents the equivalent of almost all the new homes to be built in Cork City by 2028.

Kieran White, vice president Europe Onshore at Ørsted, says:

“The transaction marks an important milestone as it is the first Irish solar project acquisition for the company. This project will make a significant contribution to Ireland’s national energy target of 80% renewable electricity by 2030 […]. We are excited to work with Terra Solar to accelerate our solar journey in Ireland.”

Expanding its renewable energy portfolio

Ørsted wants to create “a world powered entirely by green energy”. To this end, the company develops, builds and operates offshore and onshore wind farms, solar farms and energy storage facilities.

Ballinrea Solar Farm will thus contribute to Ørsted’s ambition to expand its global portfolio to a mix of wind and solar PV capacity of approximately 50/50 by 2030.

Since last June, the company also aims to develop a portfolio of solar projects in Spain through its collaboration with four local partners.

On a global scale, it therefore has around 5 GW of capacity in operation and under construction in the fields of onshore wind, solar and storage. Specifically, Ørsted has 1.3 GW of solar energy. As a result, the company is on track to reach a total of 17.5 GW of onshore capacity worldwide by 2030.

Ascent Solar Technologies has signed an agreement with Star Catcher Industries to enhance in-orbit power generation by combining lightweight photovoltaic technology with wireless energy transmission.
NextWave Energy Monitoring integrated 529 megawatts of Cenergy solar projects into its PVPulse platform, including the largest 300 MW photovoltaic plant equipped with its monitoring system.
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.
Developer Qair secures a loan from the Facility for Energy Inclusion to build a 5.8 MWp floating photovoltaic solar plant in Providence Lagoon, the first utility-scale project of its kind in Seychelles.
Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
Canadian Solar reported a gross margin of 29.8% in Q2 2025, exceeding expectations despite a net loss, amid delayed project sales and asset impairments.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
According to the Energy Information Administration, solar will represent the leading source of new U.S. power capacity this year.
Two 13 MW solar facilities have been completed at the Fort Polk military site in Louisiana by Onyx Renewables and Corvias as part of a partnership to secure the site’s long-term energy supply.
Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
Two photovoltaic projects led by RWE were selected in a federal tender, with commissioning scheduled by the end of 2026, subject to permits.
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: $99 for the 1styear year, then $ 199/year.