Driving Ireland's Offshore Renewable Energy Future
Bord na Móna and Ocean Winds in the Renewable Energy and Offshore Sector
Ocean Winds
Oceans Winds (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based on our belief that offshore wind energy is an essential part of the global energy transition, we develop, finance, build and operate offshore wind farm projects all around the world. When EDP and ENGIE combined their offshore wind assets and project pipeline to create OW in 2019, the company had a total of 1.5 GW under construction and 4.0 GW under development. OW has rapidly expanded its portfolio and is now on a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or construction, and 5 to 10 GW under advanced development. In 2022, OW’s offshore wind gross capacity already operating, contracted or with grid connection rights granted reaches more than 18 GW. OW, headquartered in Madrid, is currently present in 8 countries, and primarily targets markets in Europe, the United-States, selected parts of Asia and Brazil.
Bord na Mona & Ocean Winds' Vision
For Positioning Ireland as a Leader
in Clean and Renewable Energy
Ocean Winds and Bord na Móna aim to develop offshore wind projects that achieve Ireland’s climate goals for 2030 and 2050 while boosting energy independence. Their partnership focuses on advancing the energy transition, engaging local communities, and protecting the environment. Together, they will position Ireland as a global leader in clean energy.
Economic Benefits and Positive Environmental Impact of this Partnership
The partnership between Ocean Winds and Bord na Móna will bring substantial benefits both economically and environmentally.
Reducing Carbon Emissions and Climate Change
The joint venture aim to generate clean and renewable energy to power Irish homes and to help meet European carbon emission reduction targets by reducing our greenhouse gas emissions.
Contribution to Ireland's Green Economy
This partnership aligns with Ireland’s ambitious goals of producing 20GW of offshore renewable energy by 2040, attracting further investments, and supporting the growth of a green economy.
Local Communities
Offshore Wind will provide significant employment opportunities both directly and indirectly throughout construction and operations of any future offshore wind farms.
Environmental Conservation and Ecosystem Restoration
This partnership will ensure that offshore wind projects are developed with a focus on environmental sustainability, balancing energy production with the conservation of natural habitats.
