Ireland’s Renewable Energy Sector Attracts €230 Million Investment

Ireland’s journey towards a sustainable energy future has received a significant boost with a landmark €230 million investment in its solar energy sector. This major transaction underscores growing investor confidence and marks a pivotal moment for the nation’s renewable energy landscape.

The investment stems from the divestment of a 272MWp solar portfolio by international renewable energy developer ib vogt and its partner Highfield Solar. The sale of these assets to international institutional investors highlights the increasing maturity and attractiveness of the Irish solar market.

A Closer Look at Ireland renewable energy investment Portfolio

This substantial portfolio consists of three large-scale solar photovoltaic (PV) projects strategically located across Ireland. Each project is a key component in bolstering the country’s renewable energy capacity:

• Gaskinstown, County Meath: A 94.7MWp project.
• Rathnaskilloge, County Waterford: The largest of the three at 107.7MWp.
• Clonin North, County Offaly: A 69.4MWp project.

The sale of the Gaskinstown and Rathnaskilloge projects was completed in December 2025. The Clonin North project is slated to become operational in mid-2026, with the completion of its sale expected to follow its commissioning.

The Significance of Government Support for Ireland renewable energy investment

A crucial factor enhancing the appeal of these projects is the backing of Ireland’s Renewable Electricity Support Scheme (RESS 2). Each of the three solar farms benefits from a 15-year capacity agreement under this scheme. This government support provides long-term revenue certainty, significantly de-risking the investment and demonstrating a stable policy environment for renewable energy development.

This transaction serves as a powerful indicator of the strong institutional demand for high-quality, RESS-backed renewable energy assets in Ireland.

Powering Ireland’s Energy Transition with Renewable energy investment

This €230 million deal is more than just a financial headline; it’s a tangible step forward in Ireland’s energy transition. As the country strives to meet ambitious decarbonisation and clean energy targets, large-scale solar power is emerging as an indispensable part of the energy mix.

The successful development and sale of this portfolio showcase the viability and profitability of utility-scale solar in Ireland. It sets a positive precedent for future projects and is likely to attract further international investment into the sector. This aligns with a broader global trend that saw investment in renewable energy skyrocket in the past year, reinforcing the global shift towards sustainable infrastructure.

As Ireland continues on its path to a greener future, investments of this magnitude are critical. They not only contribute directly to increasing the share of renewables in the national grid but also signal to the global market that Ireland is a prime location for clean energy investment.