ESB makes first Irish offshore wind farm investment

The ESB has entered an agreement to co-develop two planned offshore wind farms in the Irish Sea, marking its first such investment in Ireland.

The State-owned utility has agreed to buy a stake of up to 35% in the Oriel wind farm, off the coast at Dundalk. The ESB made its first offshore wind farm investment last year, buying a 12.5% stake in the Galloper project off the south-east coast of England.