ESB takes half ownership of 450 MW Neart na Gaoithe offshore wind project off the coast of Fife

ESB is taking a 50 percent stake in the Neart na Gaoithe (NnG) offshore wind farm project from EDF Renewables.

NnG has a capacity of 450 megawatts of low carbon energy and will offset over 400,000 tonnes of carbon emissions each year. Construction of components is now underway, offshore construction will start in June 2020 and full commissioning will complete in 2023.

The announcement coincides with confirmation from EDF Renewables that financial close for the project has been achieved. Twenty-five banks are lending money to fund the wind farm which will supply enough low carbon electricity for around 375,000 homes. With this the developers have launched the construction of the project.