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Ocean Winds (OW), leading offshore wind energy company, and Bord na Móna, an iconic semi-state Irish company leading Ireland towards a climate neutral future, launched their joint venture partnership in late 2022 in a collaborative effort to deliver offshore renewable wind energy in Ireland. As Ocean Winds brings its international expertise and experience as one of the key references of offshore wind energy at a global level, Bord na Móna brings its long local knowledge, and the experience of being attending the energetical needs of the Irish community for more than 75 years.
Ireland has huge potential to produce offshore renewable energy, and the joint venture is committed to being part of the journey. By sharing the common purpose of creating a green and sustainable future, OW and Bord na Móna decided to unite their forces and work hand in hand to achieve the Irish 2030 climate targets.
OW and Bord na Móna share one main objective: achieve the energy transition to renewables while involving the community and the surrounding environment. Through offshore wind, the joint venture will not only participate in developing a sustainable future, but will contribute to the community, by benefiting the local economy and promoting local labour.
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 14.6 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 Móna is a renewable energy and environmental services company, focused on delivering climate solutions and sustainable energy security for Ireland. We do this through renewable power generation, recycling, waste management, peatland restoration and biodiversity conservation.
Bord na Móna, a semi-state company, was established in 1934, in response to a national energy emergency, to develop the peatlands of Ireland, provide economic benefit for midland communities, and achieve security of energy supply. Transformed for the climate crisis today, Bord na Móna has transitioned its operations and diversified its services, through its Brown-to-Green strategy, to become Ireland’s leading climate solutions company.
Bord na Móna employs approximately 1,500 people and manages a land holding of over 80,000 hectares across the midlands of Ireland. With expertise and experience across a variety of climate solutions, including renewables, energy, carbon storage and sequestration and waste management, through various initiatives, including the Accelerate Green Programme, Bord na Móna is supporting local communities and businesses with Ireland’s transition to a green economy.
With a strategic ten-year ambition to invest over €1.6bn in renewable energy infrastructure and generating assets, including wind, solar, hydrogen, biomass and biogas, Bord na Móna is developing sustainable solutions that will lead Ireland towards a climate neutral future and help ensure the State delivers on its commitment to becoming carbon neutral by 2050.