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Tag Archives: green hydrogen

ESB Announces New Multi-Billion Euro Green Energy Hub At Moneypoint

  A new floating offshore wind farm of 1,400MW will be developed off the coast of Clare as part of a multi-billion Euro transformation of Moneypoint Power Station into a green energy renewables hub, the ESB has announced. The ESB has already commenced work on transforming Moneypoint into a green energy hub, breaking ground on a new €50 million Sustainable System Support facility in the coming weeks. This Synchronous Compensator will be the largest of its kind in the world. The new plant will provide a range of electrical services to the electricity grid, which would previously have been supplied by thermal fired power stations. Its operation will enable higher volumes of renewables on the system. The transformation of the Moneypoint site will allow a range of renewable technologies to be deployed over the next decade with the capacity to power 1.6 million homes. In line with the Government’s ambition of reaching net zero emissions by 2050, ESB has stated …

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