Green Giraffe was mandated as sole financial advisor by Simply Blue Energy, to raise equity to develop the Emerald project, an up-to-1GW floating wind project in the Celtic Sea
Shell has signed an agreement with Irish developer Simply Blue Energy to acquire a 51% share of their Simply Blue Energy Kinsale venture, which was set up to develop the Emerald Project, a floating wind farm in the Celtic Sea, off the south coast of Ireland. The joint venture will be operated by Simply Blue Energy supported by Shell floating wind experts, with the project office based in the Cork City Docklands rejuvenation area.
Green Giraffe acted as sole financial advisor to Simply Blue Energy on this transaction. The Emerald Project will tap the vast offshore wind potential of Ireland and will help the country meet its target to have 70% of its electricity produced from renewable sources by 2030.
