UK listed investment firm, The Renewables Infrastructure Group (TRIG), has sold a portfolio of operational Irish onshore wind farms to renewable energy firm Statkraft.
Financial details of the deal have not been disclosed.
Statkraft said it is expected that the wind farms could be upgraded in the future with newer more efficient turbines.
Some of them were first erected more than two decades ago.
This repowering of the wind farms would make Statkraft one of the first renewable energy firms here to do this.
The assets have a total capacity of 35 megawatts, Statkraft said.
"These assets are a welcome addition to Statkraft's Irish portfolio and further cement our position as a company committed to helping achieve not just Ireland’s 2030 targets, but its long-term net zero targets," said Kevin O’Donovan, Managing Director of Statkraft Ireland.
"We see that onshore wind farms are already making a significant reduction to the cost of the current high electricity prices and reducing Ireland’s greenhouse gas emissions."
"Expanding our portfolio in Ireland is a key part of our strategy to develop, own and operate renewable energy projects, so we look forward to operating these assets in the future."
Norway headquartered Statkraft said the deal is part of its plan to further strengthen its position in Europe.
In 2021, Statkraft added 43 operational wind farms in Germany and France, with a combined capacity of almost 350 MW, to its European onshore wind portfolio.
The company has been operating in Ireland for five years and in the intervening period has tripled its portfolio of assets and its workforce.