Danish photovoltaic outfit Obton is set to invest €300 million in the Irish solar industry, along with partner Shannon Energy to develop up to 500MW of new projects by the end of 2025.
The projects are expected to create as many as 1000 jobs during the construction phase on some 2000 acres of land.
The strategy sees the relationship between Obton and Shannon Energy mature after the two signed a cooperation agreement in 2018.
The partners have also purchased an additional three solar portfolios in the country, totalling 150MW comprised of projects in Longford, Tipperary, Cork and Galway, amongst others.
Obton CEO Anders Marcus said: “Obton’s vision to create a sustainable future for the coming generations is of highest priority. Through Shannon Energy and our business partners, we are in a great position to do just that in Ireland.”
Shannon Energy counterpart Noel Shannon added: “Shannon Energy are delighted to have secured the financial strength for constructing Utility-Scale solar projects in Ireland, through our partnership with Obton and we look forward to securing the licences for our planned implementation in the upcoming RESS auctions over the next five years.”
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