Norwegian power group Statkraft has damaged into the ability market in Ireland.
The firm, which already runs hydropower and different renewable era within the Nordic, German and UK markets, has received a provide licence and an influence buy settlement for the Castledockrell 41 MW windfarm.
The deal comes as Ireland and Northern Ireland put together for the launch in October of the Integrated Single Electricity Market (I-SEM), a brand new wholesale electrical energy association for each international locations designed to combine each with European electrical energy markets, enabling the free circulation of power throughout borders.
Statkraft will likely be present clients with energy buy agreements the place it purchases the ability straight from the windfarm. The firm will even provide buying and selling providers to mills in preparations with different provide corporations to handle the balancing of power.
The capability of wind era is projected to extend considerably in Ireland and that is anticipated to amplify the necessity for enhanced balancing and buying and selling providers to successfully handle this threat.
Director of Statkraft UK, Duncan Dale, mentioned: “We are enthusiastic about this market entry and are happy by the very constructive suggestions that we acquired from windfarm homeowners who welcome a brand new service supplier. We have vital expertise in buying and selling the short-term markets for renewables throughout Europe and the introduction of ISEM presents us with a buying and selling panorama almost an identical to different markets wherein we’re already very energetic. With our experience on this space, we’re assured that we’ll convey added worth and diminished prices to windfarm mills in Ireland.”