Island Renewable Energy
Island Renewable Energy is an Ireland-based developer that originates, develops, finances, builds, operates, and divests utility-scale wind and solar assets across Northern Ireland, Wales, the Canary Islands, and Portugal, selling build-ready projects to infrastructure funds and long-term asset managers.
- Company typePrivate
- Founded2009
- HeadquartersSandyford, Ireland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Island Renewable Energy does
Island Renewable Energy (legal entity: Island Renewable Ltd, Co Reg 463986) is a Dublin-headquartered, privately held European renewable energy project developer founded in June 2009 by former NTR plc executives Michael King and Dave Geary, together with co-founders Aidan Sweeney (former COO of Eco Wind Power/Viridian) and Paulo Amante (former Development Director at Airtricity, Mainstream Renewable Power, and Coillte). The company develops, finances, constructs, operates, and sells utility-scale wind and solar assets across four European markets — Northern Ireland, Wales, the Canary Islands, and Portugal (the latter operated through a wholly-owned regional entity, Island Renewable Energy Iberia, headquartered in Vila Nova de Gaia).
The company's core technical offering is a vertically integrated wind and solar project development platform spanning land origination, planning and permitting, grid connection and tariff/bond placement, construction management, and ongoing operations and maintenance. It has built and operates physical solar parks in Wales (e.g., Abergelli Farm 9.36MW, Greenvalley 7MW, Haverfordwest 7MW) and is developing wind projects including a 60MW Moncorvo project in Portugal and 90MW+ in Northern Ireland, with a current pipeline in excess of 400MW and a cumulative development portfolio that has reached 600MW across 42 projects.
Island generates revenue through three primary streams: (i) one-time project development fees realized upon sale of build-ready wind and solar projects (e.g., disposal of three solar projects totaling 23.36MW to Anesco in mid-2014), (ii) transaction-based gains on asset divestment to infrastructure investors (Brookfield Renewable Energy Partners JV for Northern Ireland wind, 2015), and (iii) managed/structured investment vehicles offered at project, regional, or holding-company level to infrastructure funds and long-term asset managers. Go-to-market is direct enterprise sales to a small set of institutional capital partners, with investment enquiries routed through CFO Dave Geary; pricing is not publicly disclosed.
Island Renewable Energy firmographics
Firmographics- Name
- Island Renewable Energy
- Legal name
- Island Renewable Ltd
- Website
- https://islandrenewable.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Island Renewable Energy is an Ireland-based developer that originates, develops, finances, builds, operates, and divests utility-scale wind and solar assets across Northern Ireland, Wales, the Canary Islands, and Portugal, selling build-ready projects to infrastructure funds and long-term asset managers.
- Ownership category
- akta.pro rank
Island Renewable Energy industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)
- akta.pro primary industry
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
- akta.pro secondary industry
- Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
Keywords
Where Island Renewable Energy is headquartered
LocationHeadquarters
- HQ city
- Sandyford
- HQ country
- Ireland
- HQ region
- Europe
Offices2 records
Markets served
Island Renewable Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure
Revenue model
- Project Development: Island develops wind and solar renewable energy projects from initiation through to build-ready status, then sells completed projects to infrastructure funds and long-term investors.
- Asset Divestment: The company generates revenue by disposing of fully developed solar and wind projects. Examples include disposing of 7MW and 9.36MW solar projects to Anesco, and joint venture arrangements with Brookfield Renewable Energy Partners.
- Investment Vehicle: Offers investment opportunities at project level, regional level, or holding company level to infrastructure funds and long-term asset managers seeking diversified or targeted renewable energy investments.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Island Renewable Energy product offering
Product offeringCore offering
Island Renewable Energy is a European renewable energy project developer that develops, finances, builds, operates, and sells utility-scale wind and solar assets across Northern Ireland, Wales, the Canary Islands, and Portugal. The company takes projects from initiation through development, planning, financing, construction, and operation, then divests completed assets to infrastructure funds and long-term investors or retains them through joint ventures.
Product overview
Island Renewable Energy is a European renewable energy business offering a vertically integrated service for utility-scale wind and solar assets. The company's core offerings consist of Wind Farm Development, Solar Park Development, Wind Farm Finance & Construction, and Wind Farm Operation & Maintenance. These services span the full project lifecycle from early-stage development through planning, financing, construction, and ongoing operation. The company operates across four European markets (Northern Ireland, Wales, Canary Islands, Portugal) and has developed specific projects including the Abergelli Farm Solar (9.36MW), Greenvalley Solar (7MW), and Haverfordwest Energy Solar (7MW) projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Farm Development Utility-scale wind farm development from early-stage site identification through planning, permitting, grid connection, and build-ready status across four European markets.
- Solar Park Development Utility-scale solar photovoltaic park development from land options through planning, permitting, grid connection, and build-ready status.
- Wind Farm Finance & Construction Financing and construction management services for wind farm projects, including securing grid connections, tariffs, bond placements, and contractor engagement.
- Wind Farm Operation & Maintenance Ongoing operation and maintenance services for wind farm assets to ensure optimal performance and energy generation.
Quantifiable outcome
- 600MW development portfolio across 42 projects
- +3 more outcomes
Companies that use Island Renewable Energy
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Island Renewable Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Island Renewable Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Brookfield Renewable Energy PartnerscoreEntered into a Joint Venture Agreement with Brookfield Renewable Energy Partners for a number of wind projects in Northern Ireland. This partnership combines Brookfield's capital capabilities with Island's development expertise in the Northern Irish market.
- AnescocoreAnesco acquired fully developed solar projects from Island including two 7MW projects and one 9.36MW project. Anesco also commenced construction of three UK solar projects (23MW) that Island fully developed. Island continued to support projects through construction.
- 4Green and ProceelminorIsland appointed 4Green and Proceel to commence engineering and Environmental Impact Assessment (EIA) for the 60MW wind project (Moncorvo) in Portugal.
- Renewable Development (Wales)minorIsland developed solar projects in partnership with Renewable Development (Wales), including 14MW of solar energy projects through subsidiary companies Green Valley Energy Limited (7MW) and Haverfordwest Energy Limited (7MW). Also partnered for Abergelli Farm 10MW solar project.
Scale indicators8 records
Recent moves9 records
Expansion highlights4 records
Island Renewable Energy competitors and assessment
Company assessmentBroad incumbents
- EDF Renewables: International renewable energy developer and operator across Europe and the Americas, owned by EDF Group. Comparable in European multi-market wind and solar development strategy, though with materially greater capital and project finance capacity.
- Enel Green Power: Global renewable energy developer and operator with significant wind and solar capacity across Europe, the Americas, and Africa. Overlaps with Island's wind and solar development model but operates at vastly larger scale across more geographies.
- Statkraft: Norwegian state-owned hydropower major and one of Europe's largest generators of renewable energy, with growing wind and solar development activities. Comparable in European multi-technology renewable project development, though Statkraft is much larger and vertically integrated.
- Vattenfall: Swedish state-owned European energy company with growing wind power operations across Northern Europe, the UK, and the Netherlands. Comparable in European wind development and operations, though Vattenfall operates at much greater scale with full integration into generation and retail.
- Iberdrola Renovables: Global renewable energy arm of Iberdrola with substantial wind and solar capacity across Spain, the UK, and broader Europe. Overlaps with Island's Iberian and UK markets but operates as a large incumbent utility rather than an independent developer.
- Acciona Energía: Spanish global operator and developer of wind and solar projects with material presence in Iberia and Latin America. Comparable to Island in Canary Islands and Iberian geographies, though Acciona is a much larger integrated operator with its own construction capabilities.
- EDP Renováveis: One of the world's largest wind energy operators and a major European solar developer, headquartered in Portugal with extensive Iberian and European footprint. Directly comparable market overlap in Portugal and Spain (Canary Islands), but at vastly greater scale and with integrated ownership.
Direct peers
- Mainstream Renewable Power: Ireland-headquartered independent wind and solar developer with a global footprint across Europe, Africa, and the Americas. Closely comparable in size, business model (develop-to-sell with institutional capital partners), and team origins — Mainstream was co-founded by Airtricity alumni, the same network from which Island's founders emerged.
- BayWa r.e. German-headquartered independent developer and service provider for wind, solar, and bioenergy projects across Europe and globally. Highly comparable as a mid-sized independent developer operating across multiple European geographies and asset classes with institutional capital partners.
- RES (Renewable Energy Systems): UK-based independent renewable energy developer and EPC contractor with deep European wind and solar development experience. Comparable vertically integrated service offering spanning development, financing, construction, and operations across multiple European markets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Island Renewable Energy social profiles
Digital presenceIsland Renewable Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Island Renewable Energy leadership team
Management profileNumber of profiles
Profiles11 records
Island Renewable Energy subsidiaries and ownership
Company hierarchySubsidiaries5 records
Island Renewable Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Island Renewable Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Island Renewable Energy
What does Island Renewable Energy do?
Island Renewable Energy is a European renewable energy project developer that develops, finances, builds, operates, and sells utility-scale wind and solar assets across Northern Ireland, Wales, the Canary Islands, and Portugal. The company takes projects from initiation through development, planning, financing, construction, and operation, then divests completed assets to infrastructure funds and long-term investors or retains them through joint ventures.
Is Island Renewable Energy a public or private company?
Island Renewable Energy is a private company. It is classified as management employee owned and is currently operating.
When was Island Renewable Energy founded?
Island Renewable Energy was founded in 2009. It employs 11 to 50 people.
Where is Island Renewable Energy based?
Island Renewable Energy is headquartered in Sandyford, Ireland, in the Europe region.
How does Island Renewable Energy make money?
Three revenue lines are on record. Project Development is the primary driver. The others are asset Divestment and investment Vehicle.
Who are Island Renewable Energy's main competitors?
Broad incumbents on record are EDF Renewables, Enel Green Power, Statkraft, Vattenfall, Iberdrola Renovables, Acciona Energía and EDP Renováveis. Direct peers are Mainstream Renewable Power, BayWa r.e. and RES (Renewable Energy Systems).
Does Island Renewable Energy have an API?
No public API is recorded for Island Renewable Energy.
What industry is Island Renewable Energy in?
Island Renewable Energy's product category is Renewable Energy Project Development. Its primary akta.pro industry code is EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence), with a secondary code of EUACAFAE, Wind Farm Development & Permitting (Greenfield/Brownfield). Its NAICS code is 221115.