BNRG and Neoen secure funding for three solar farms in Leinster

Green energy developer BNRG and its partner Neoen have secured finance for three solar farms they are building in Leinster.

The pair are spending €39 million building solar plants in counties Kildare, Meath and Wicklow that will generate enough electricity for 12,700 homes – up to 58 megawatts of electricity at full capacity.

BNRG confirmed on Thursday that they had secured financing for the projects, which already have agreements in place to sell their power once they begin generating electricity.

Dublin-headquartered BNRG and Paris-listed Neoen will contribute their own cash with French bank Société Générale providing a senior loan.

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They have given the engineering, building and maintenance contract to energy and infrastructure construction specialist Omexom.

Work is under way on the three plants, which will begin generating power next year.

David Maguire, founder-director of BNRG, said the companies were looking forward to providing electricity to the national grid in coming months.

"Together with our partners, Neoen, we expect to be amongst the earliest utility-scale solar projects in Ireland, " he added.