FinanceDublin.com - <b>Deals of the Year 2024: </b>A landmark agreement puts wind in the sails of Ireland’s net-zero ambitions

The joint venture between ESB and Orsted can be transformative for the Irish energy sector with the potential to deliver 5GW of offshore energy and can play a central role in decarbonising Ireland’s electricity supply, and has the potential to for Ireland to increasingly export electricity to Europe.

The ESB’s joint venture with Orsted, a global leader in offshore wind energy, combines both companies expertise in the area and can help unlock the massive offshore wind generation potential of Ireland’s maritime area. The deal, which sees Orsted take a 50 per cent stake in the ESB’s offshore wind projects, is the Mergers & Acquisitions: Joint Venture Deal of the Year.

In June 2023, ESB and Orsted signed an agreement to jointly develop an Irish....

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