Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
In early 2021, DP Energy and Iberdrola entered into a joint venture to develop a 3 GW pipeline of Irish offshore wind projects, including the 1 GW Shelmalere Offshore Wind Farm off the coasts of Wicklow and Wexford. As part of this structure, Shelmalere Offshore Windfarm Ltd was created as a special purpose vehicle jointly owned by DP Energy and Iberdrola to act as the developer of the project, covering both the turbines and associated grid transmission assets such as the offshore/onshore substations and export cables.