Spanish energy giant buys stake in Cork and Clare offshore wind farms

The projects will power 2.6 million households

The projects involved in the deal include the Inis Ealga Project off the east coast of Cork and the Clarus Project off the coast of Clare. Picture: iStock

Spanish energy giant Iberdrola is buying a majority stake in a portfolio of wind farm projects off the South and West coasts being developed by Cork renewable firm DP Energy.

The projects involved in the deal include the Inis Ealga Project off the east coast of Cork and the Clarus Project off the coast of Clare – both based on floating wind technology with the fixed foundation Shelmalere wind development off the east coast also included in the deal.