Statkraft, a Norwegian renewable energy producer, has agreed to build 2.2 GW of offshore wind power in Ireland with Copenhagen Infrastructure Partners’ (Cip) Copenhagen Infrastructure IV K/S (CI IV) fund. At the Bore Array and the North Irish Sea Array (Nisa), the projects will be constructed over the period of three phases. By 2030, they will require a total investment of more than $4.3 billion from Statkraft and CIP. According to the terms of the agreement, CIP will own a 50 per cent stake in Statkraft’s existing Irish offshore wind portfolio.

While the Bore Array is intended to be erected in the Celtic Sea, the NISA area is proposed at sites offshore from the counties of Dublin, Louth, and Meath. The partnership between Statkraft and CIP is a part of its attempts to play an industrial part in offshore energy in the Irish Sea and the North Sea.

In September 2022, Statkraft signed a power purchase agreement (PPA) with Umicore, a Belgian materials technology company. In order to power Umicore’s facility in Kokkola, Finland, the PPA would assure an annual supply of 60 GWh of clean energy from 2024 to 2033. The clean energy would be supplied from the Nuolivaara wind farm in northern Finland and would be accredited with assurances of origin.