Ambitious 500MW Rollout Set to Power Dublin
Waterford’s Enerpower, in collaboration with Portugal’s Greenvolt, unveils a five-year strategy to deliver 500MW of renewable energy across Ireland, promising to generate 100 new jobs. This partnership marks a significant leap from Enerpower’s current 110MW installations, aiming to illuminate the entire city of Dublin with sustainable power.
Renewable Expertise Fuels Growth
Since its inception in 2005, Enerpower has cemented its reputation by providing comprehensive renewable energy solutions, including solar panels, wind turbines, and biomass boilers, to giants like PepsiCo and Lidl. The acquisition by Greenvolt in October last year, with a €25 million investment, signals a new era of expansion, with ambitions stretching to the UK’s renewable scene.
Partnership Pioneering Sustainable Solutions
Enerpower’s CEO, Owen Power, highlights the deal with Greenvolt as a monumental stride towards Ireland’s renewable ambitions. This alliance not only broadens Enerpower’s horizons but also aligns with the Irish Government’s target of sourcing 80% of its energy from renewables by 2030.
Greenvolt’s Strategic Expansion into Ireland
For Greenvolt, Ireland represents a crucial market in their growth blueprint. CEO João Manso Neto acknowledges Enerpower’s dynamic vision and client base as foundational for exploring further opportunities in both Ireland and the UK.
Financial Health and Future Prospects
Enerpower’s financial success, with a 113% turnover increase to €21.7 million in 2022, underscores its market resilience and growth potential. Meanwhile, Greenvolt boasts a robust 7.7GW renewable project pipeline, reflecting its strong position in the global energy landscape.
This groundbreaking partnership between Enerpower and Greenvolt not only fuels Ireland’s green transition but also sets a benchmark for international collaboration in achieving a sustainable future.
Source: irishtimes.com
