{"id":192604,"date":"2025-11-21T13:36:16","date_gmt":"2025-11-21T13:36:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/192604\/"},"modified":"2025-11-21T13:36:16","modified_gmt":"2025-11-21T13:36:16","slug":"bord-gais-energy-joins-with-french-giant-edf-in-bid-for-wind-farm-off-irish-coast-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/192604\/","title":{"rendered":"Bord G\u00e1is Energy joins with French giant EDF in bid for wind farm off Irish coast \u2013 The Irish Times"},"content":{"rendered":"

Bord G\u00e1is Energy<\/a> is joining forces with French giant \u00c9DF to bid to build a wind farm off the Republic\u2019s southeast coast in a multibillion euro deal. <\/p>\n

The State this week sought offers from competing businesses to build an offshore wind farm capable of generating 900 mega watts (MW) of electricity, enough to serve almost one million homes.<\/p>\n

The auction will be the first to open a designated area off the southeast coast to power companies.<\/p>\n

It is understood that Bord G\u00e1is Energy, which is owned by UK energy giant Centrica, joined with \u00c9DF Renewables to bid for a contract to build and run the wind farm.<\/p>\n

\u00c9DF Renewables, is part of \u00c9lectricit\u00e9 de France, one of Europe\u2019s biggest energy companies. It has businesses in multiple countries that generated sales of almost \u20ac120 billion last year and profits of \u20ac15 billion.<\/p>\n

The partnership between the pair is understood to be equal. It is estimated that the venture could invest \u20ac4 billion to \u20ac5 billion if it succeeds in getting a deal at the auction.<\/p>\n

The auction was expected to lure several bidders on a similar scale to the Bord G\u00e1is Energy-\u00c9DF partnership.<\/p>\n

According to State-owned national grid company EirGrid<\/a>, which is overseeing the auction, the process opened on Monday and closed on Thursday.<\/p>\n

EirGrid will announce the result next week, on November 27th.<\/p>\n

[\u00a0Bord G\u00e1is Energy to become top solar supplierOpens in new window<\/a>\u00a0]<\/p>\n

If the Bord G\u00e1is Energy-\u00c9DF partnership does not succeed, it is expected that the pair will maintain the relationship for other projects.<\/p>\n

EirGrid will run the auction under the State\u2019s offshore renewable energy support scheme (ORESS).<\/p>\n

Through this, power companies bid to generate and supply electricity at a guaranteed fixed price.<\/p>\n

The auction will favour the lowest price offered with the idea of getting the best value for electricity customers, who guarantee the price through the public service obligation on their bills.<\/p>\n

If the market price for electricity falls below the guaranteed price, customers pay the difference through the public service obligation.<\/p>\n

If the market price exceeds the guaranteed price, this is refunded to customers through a credit on their bills. <\/p>\n

The first offshore auction agreed a price of \u20ac86.05 in 2023 a mega watt hour, the unit in which electricity is traded, with the successful bidders.<\/p>\n

That covered power plants destined for the Irish Sea and off the west coast. The rate was well below wholesale electricity prices at the time.<\/p>\n

This week\u2019s auction was the first for the so-called Tonn Nua (Irish for new wave) second phase of offshore wind development, which will be in a designated area off the southeast coast. <\/p>\n

Government climate targets aim to have power plants capable of generating 5,000MW built off the coast by 2030.<\/p>\n

However, most industry figures say that planning and other delays mean the State will miss this target. EirGrid this year predicted that around 1,300MW would be built by 2030.<\/p>\n

[\u00a0Bord G\u00e1is Energy announces electricity price hike of 13.5%Opens in new window<\/a>\u00a0]<\/p>\n","protected":false},"excerpt":{"rendered":"Bord G\u00e1is Energy is joining forces with French giant \u00c9DF to bid to build a wind farm off…\n","protected":false},"author":2,"featured_media":192605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[42764,79,18,20869,19,17],"class_list":{"0":"post-192604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bord-gais","9":"tag-business","10":"tag-eire","11":"tag-eirgrid","12":"tag-ie","13":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115587962351651375","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/192604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=192604"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/192604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/192605"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=192604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=192604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=192604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}