Island News

June 2015

Entered into a Joint Venture Agreement with Brookfield Renewable Energy Partners for a number of projects in Northern Ireland.

June 2015

Submitted the 9.2MW four turbine Barony Road Project and the 18.2MW eight turbine Ballynagilly Road Project into planning, both projects with tip heights of 126 metres.

December 2014

Submitted the 13.8MW six turbine Beltonanean Road project into planning with tip heights of 126.5 metres.

October 2014

Construction of three UK solar projects (23MW) commenced by Anesco after Island fully developed the projects.

September 2014

Island Renewable Solar Limited, a subsidiary company of Island Renewable Energy, successfully redeems outstanding loan notes with interest having delivered 100% of solar photovoltaic under the terms of the investment.

August 2014

Island welcomed the Spanish Government tariff legislation for the Canary Islands and also the announcement of Red Eléctrica de España to invest +€800 million in the Canary Islands grid network to support the renewable energy objectives set by the Canarian Government.

Island secured 50MW of grid capacity for four wind projects in the Canary Islands by placing grid bonds. 

July 2014

Island Renewable Solar Limited, a subsidiary of Island Renewable Energy Limited, disposed of two 7MW solar energy projects to Anesco.  Island continued to support the projects through construction.

Island placed a second bond with the Portuguese authorities (DGEG) for a 60MW wind project, Moncorvo.

June 2014

Island Renewable Solar Limited, a subsidiary of Island Renewable Energy Limited, disposed of a 9.36MW solar energy project to Anesco.  Island continued to support the projects during construction.

May 2014

Island submitted a 60MW wind project for environmental approval to the Portuguese Environment Agency having completed the necessary wind and environmental studies. Island is on-track to have the project build-ready in 2016.

April 2014

Island erected an additional three met masts bringing the total to four met masts on the site of a 60MW Portuguese wind energy project, Torre de Moncorvo. New met masts bolster the existing wind measurements over four years as the project moved toward build-ready status.

February 2014

Island Renewable Solar Limited, a subsidiary of Island Renewable Energy Limited, secured 14MW interdependent grid connection from Western Power Distribution to connect two 7MW UK solar parks under 1.4 ROCs.

Island appointted 4Green and Proceel to commence engineering and Environmental Impact Assessment (EIA) for 60MW wind project (Moncorvo) in Portugal.

December 2013

Island and its Joint Venture partners entered into an agreement with a Portuguese infrastructure fund to deliver 10MW of solar energy projects.

October 2013

Planning permission was granted by Carmarthenshire County Council to construct and operate 14MW of solar energy projects through two subsidiary companies, Green Valley Energy Limited (7MW) and Haverfordwest Energy Limited (7MW). Both projects were developed by Island in partnership with Renewable Development (Wales).

September 2013

Island signed an Agreement with the Municipality of Torre de Moncorvo to construct a 60MW wind project that has secured grid connection and tariff.

August 2013

Island secured a further 25MW of wind development assets in Northern Ireland to bring total UK assets to 250MW. Island secures a further 18MW of wind development assets in the Canary Islands bringing total Canary Island development portfolio to 175MW across 11 projects.

July 2013

Island secured 9.36MW Grid Connection for UK solar park. Island Renewable Solar Limited, a subsidiary of Island Renewable Energy Limited, was offered a 9.36MW grid connection by Western Power Distribution.

Island erected a 60 metre met mast on the site of a 20MW wind project (La Florida) in the Canary Islands. La Florida is one of 11 wind project under development by Island in the Canaries.

May 2013

Planning permission was granted by City and Council of Swansea to construct and operate a 10MW solar farm at Abergelli Farm, Wales. The solar park, known as Abergelli Glas Limited, was developed by Island in partnership with Renewable Development (Wales).

February 2013

Two further UK solar sites (14 MW) were submitted for planning. Total development portfolio stands at 600MW across 42 projects.

January 2013

First UK solar site (Abergelli 10MW) is submitted for planning.

October 2012

Island raised new funding from existing and new investors.

September 2012

Commenced pre-planning work for solar sites in Wales. Agreed commercial terms on 60MW wind site in Portugal. Paul Dowling was appointed as Chairman of Island. Louis Fitzgerald and Denis O’Sullivan joined the board.

August 2012

Majority shareholder (One51 plc) bought out by management and private investors.

April 2012

Secured three wind sites in Gran Canaria with capacity of 30MW. Secured further three wind sites in Northern Ireland totalling 38MW.

December 2011

Secured three wind sites with combined capacity of 70MW in Wales. Reached agreement on 10MW CSP project in Portugal and secured land options for 38MW site for wind. Secured three further sites in Canary Islands bringing capacity to over 100MW.

September 2011

Secured three wind sites in Tenerife for a further 40MW of capacity in Canary Islands. Signed land options on 18MW site in Northern Ireland and completed feasibility on three further sites.

July 2011

Concluded detailed feasibility on four projects in Northern Ireland and commenced negotiations with landowners. Secured land in Fuerteventura (Canary) for first three projects totalling 25MW. Additional capital raised from private investors.

April 2011

Secured land options for first 30MW of wind and solar project in Wales. Entered a development agreement with a local partner in Canary Islands to develop wind sites for the roll-out of the Canary renewable energy roadmap.

December 2010

Signed terms with local Welsh Developer, Renewable Development Wales to develop wind and solar projects in Wales, first 30MW of sites under review

October 2010

Additional founders join Island including Aidan Sweeney (former MD of Eco wind Power), Paulo Amante (Development Director Coillte) and John Keane (Development Director NTR).

May 2010

Island funded by One51 and other private investors. One51 take controlling stake alongside management and other shareholders. Development activity begins, office opened in Dublin.

June 2009

Island Renewable Energy seed funded by former NTR executives Michael King and Dave Geary. Company founded to develop renewable energy projects in Europe.

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