Who is Shannon energy?

Shannon Energy specialises in utility scale solar projects. Together with our fund partners we acquire and develop solar projects in our target markets in Ireland, and mainland Europe.

How successful is Shannon energy & obton?

Shannon Energy powered by Obton was successful with 11 Solar Park Projects awarded a tariff in the first RESS (Renewable Energy Support Scheme RESS1) Auction held in July 2020. Construction of the first 5 projects, which equals 42 MWp, will be completed in Q3 2024.

Why did Shannon Energy Invest in a solar plant in Ireland?

Chief executive of Shannon Energy Noel Shannonsaid the venture is focused on finding opportunities to build solar plants on Irish farms. The Irish company's chairman, Gerry Shannon, described news of the expanded investment as a vote of "huge confidence" in the Republic's green credentials.

Will Shannon & obton build a solar power plant?

Over five years, Shannon and Obton will now build solar power plants with the capacity to generate 1,000 megawatts of electricity. Last year, the Danish-Irish partnership secured contracts from the Government’s Renewable Electricity Support Scheme for 11 solar power plants which bid for the deals through an auction.

How much electricity will obton & Shannon generate?

Obton and Shannon will begin work on the first of its projects, Horsepasture, near Clonmel, Co Tipperary, in June. This plant will generate 8 megawatts of power, which it will begin providing before Christmas. Overall, the partnership says the 11 projects backed by the State scheme will be able to generate 118 megawatts of electricity in total.

How much does obton spend on solar farms?

The Irish company and Obton formed a joint venture last year to spend €300 million building solar farms, which use panels of specially manufactured cells to convert the sun’s heat to electricity, around the Republic.