The partnership has a significant pipeline of development projects with a projected capacity of up to 400 MW across nine projects. This will potentially translate into an overall capital investment of approximately £600 million (US$910.7 million).
The first project is expected to be operational by 2019.
The majority of projects within the portfolio are located in Scotland but opportunities for new wind farm developments will be pursued throughout the UK.
Pat O’Doherty, ESB Chief Executive stated:
“ESB’s partnership with Coriolis Energy confirms the company’s continuing commitment to renewable electricity generation and further reducing the carbon mix in our portfolio.”
“ESB is delighted to be making this agreement as the Coriolis Energy team have significant experience in wind energy projects that will complement ESB’s existing expertise and experience of developing and operating projects in UK and Irish markets. This partnership gives us an opportunity to increase our presence and capability in onshore wind in the UK through high quality projects.”
David Murray, Managing Director, Coriolis Energy commented:
“This new partnership with ESB underlines Coriolis Energy’s position as one of the UK’s leading independent onshore wind developers.”
“ESB’s scale, capabilities and desire to build a substantial onshore wind portfolio in the UK make them an ideal long term partner, both for us and our project landowners. We look forward to successfully completing the development of our existing project pipeline with them and using this as a platform for progressing further opportunities as the market continues to develop.”