Almost 100 years on from constructing the Ardnacrusha Power Plant, Siemens have been awarded the contract for a significant new development at Moneypoint.

ESB have confirmed that Siemens Energy Ltd have been awarded the contract for the engineering, procurement and construction of the Synchronous Compensator at ESB’s Moneypoint site. This development represents a €50m investment by ESB as part of the recently announced Green Atlantic project at Moneypoint.

A “competitive tender process” was followed, ESB have said which resulted in Siemens Energy Ltd receiving the contract.

The Synchronous Compensator will enable higher volumes of renewables on the system and provide a range of electrical services to the electricity grid which would previously have been supplied by thermal fired power stations. The investment is a key part of ESB’s plans to transform its Moneypoint site into a green energy hub, where a range of renewable technologies will be deployed over the next decade with the capacity to power 1.6 million homes.

September 2022 has been set as the target commercial operation date for the Synchronous Compensator project.

It is not the first time Siemens have been awarded a contract for a significant piece of infrastructure in the county. 1925, Siemens-Schuckert started the works on the Ardnacrusha power plant. A completion time limit of three and a half years, with penalty clauses for failure of adherence to this limit, was written into the contract.

Around 150 of the skilled workers and engineers on the power station were Germans. A camp was set up for the workers that included living quarters for 750 men and a dining room that seated 600. Initially employment for 700 was provided, whilst at its peak there were 5,200 employed during the construction phase, with this dropping back to 2,500 near completion.

Related News

147Shannon College 75th
Shannon primed to become University Town?
marissa mccarthy
‘Property is where my heart lies': Marissa McCarthy back in County Clare market.
carrigaholt post office 18-05-26 maura mckiernan 6
'There was never a doubt in my mind about coming back' - Maura returns to work in Carrigaholt post office
our lady's hospital páirc mhuire 3
Multi-million development of 160 homes afoot for Our Lady's site in Ennis
Latest News
marissa mccarthy
‘Property is where my heart lies': Marissa McCarthy back in County Clare market.
carrigaholt post office 18-05-26 maura mckiernan 6
'There was never a doubt in my mind about coming back' - Maura returns to work in Carrigaholt post office
cork vs clare 24-05-26 diarmuid healy seán rynne cathal malone 1
Clare suffer heaviest championship defeat to Cork since 1988
clare vs tipperary u20 13-05-26 fred hegarty ronan kilroy 1
Penalty practice makes perfect for Fred Hegarty & Clare U20s
footgolf i
Clare men head to Mexico for Footgolf World Cup
Premium
'Trust your instincts' - Sheedy shows nerves of steel with superb shootout saves
Clare crash out of Tailteann Cup with limp display against Longford
Lorna leads Clare to winning championship start over Dublin
Clare minor hurlers survive Dublin scare to advance to All-Ireland quarter-finals
Goals push Clare minors into quarter-final of Paul McGirr Cup

Annual Subscription!

The Clare Echo annual subscription for just €69.99 a year. 

Prefer to pay monthly? Click the monthly option and get the first six months for just €3 a month (less than 75c per week), and thereafter €8 per month. 

Cancel anytime, limited time offer. T&Cs Apply. www.clareecho.ie.