A new onshore renewable energy company has been launched in Europe today – Perigus Energy.
The launch of Perigus Energy follows the completion of Copenhagen Infrastructure Partners’ (CIP) deal to buy of Ørsted’s European onshore business, with the business taking on the new name and identity of Perigus Energy.
As part of its new structure, Perigus Energy has selected Cork as its European headquarters, underlining Ireland’s strategic importance to the business.
The energy company aims to support Europe’s energy security and transition by developing, building and operating onshore wind, solar and battery storage projects in Ireland, Germany, the UK.
Its portfolio delivers clean, home-grown and reliable electricity to power the equivalent of about 600,000 European homes, with five further projects currently under construction in Ireland and Germany.
Perigus Energy already has a strong presence in Ireland through its existing portfolio of 373 MW of operational onshore wind farms and 179 MW of projects currently under construction across the island of Ireland.
The company said its workforce people, assets, construction projects and development pipeline in Ireland are unaffected by today’s deal.
It recently marked several milestones in its portfolio of wind, solar and energy storage projects in Ireland.
Its Garreenleen solar project in Carlow – Perigus Energy’s first solar project in Ireland – will generate 81 MW of renewable energy, enough to power 29,000 homes.
Meanwhile, Farranrory Wind Farm in Co Tipperary is expected to be fully operational in 2026. This will become Perigus Energy’s 21st wind farm on the island of Ireland with nine turbines, providing 43.2 MW, enough to power up to 25,000 homes.
The company also recently secured key planning milestones, including permission for the Brittas Wind Farm in Tipperary, consent for the 170 MW Cappakeel solar farm in Laois, and provisional success for the Lodgewood battery energy storage project in Wexford.
In Cork, planning has been secured for a battery energy storage system at the 55 MW Ballinrea Solar Farm, where construction is well advanced, with more than 7,000 panels installed and energisation on track later this year.
Kieran White, CEO of Perigus Energy, said the company is a very exciting next chapter in a long running renewable success story which has evolved from the origins of an Irish farmer’s cooperative and a German family-run business.
“And so, while our name is new, our people are experienced, and our mission is the same,” Mr White said.
The CEO said the high volatility in international energy markets demonstrates clearly Europe’s need for secure, home-grown and green electricity.
“With Copenhagen Infrastructure Partners on board, we will enhance our delivery capability across our multi-gigawatt investment-ready pipeline spanning onshore wind, solar and battery storage,” he said.
“Together, we look forward to advancing renewables to power a secure energy future with care for both society, nature and our people,” he added.
