AIE request 23 144

Request for access to information held by the Department of Agriculture, Food, and the Marine relating to the provision of, by email, a copy of the consent from DAFM to Coillte in relation to Project Pearl i.e the establishment of FuturEnergy Ireland, as noted in the Briefing for Minister Hackett for the meeting with Coillte on 13 January 2022

Notes:

DETERMINATION OF MERGER NOTIFICATION
M/20/005 – ESB/COILLTE (JV)

Following implementation of the Proposed Transaction, Coillte will continue to supply land to third party developers of onshore wind farms in the State

Coillte’s current share in this potential market is minimal (approximately [0-5]%), resulting from a […]% shareholding in a single wind farm located in Sliabh Bawn, Co. Roscommon

Coillte estimates that it has the largest share of Theoretically Suitable Land in the State (approximately [25-30]%). Coillte estimates that Bord na Móna holds the second largest share of Theoretically Suitable Land in the State (approximately [5-
10]%) with the remaining [65-70]% held by various individual landholders across the State

Click to access 2021.03.19-M-20-005-ESB-Coillte-Phase-2-PUBLIC.pdf

It sees our entire renewable energy business transfer into the new joint venture company, which aims to deliver 1GW of renewable energy projects by 2030.

Coillte’s portfolio of proposed wind farm projects and its Renewable Energy division has now transferred to FuturEnergy Ireland. The majority of projects in the pipeline are either preparing to enter the planning system or are in the planning process awaiting adjudication.

The new company is led by CEO Peter Lynch, former managing director of Coillte’s Renewable Energy Division.

(Coillte)

https://esb.ie/media-centre-news/press-releases/article/2021/11/30/coillte-and-esb-launch-renewables-joint-venture-futurenergy-ireland