{"id":201506,"date":"2025-11-26T16:55:09","date_gmt":"2025-11-26T16:55:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/201506\/"},"modified":"2025-11-26T16:55:09","modified_gmt":"2025-11-26T16:55:09","slug":"esb-orsted-venture-wins-wind-farm-contract-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/201506\/","title":{"rendered":"ESB-\u00d8rsted venture wins wind farm contract \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">State electricity company <a href=\"https:\/\/www.irishtimes.com\/tags\/esb\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/esb\/\">ESB <\/a>and Danish energy group <a href=\"https:\/\/www.irishtimes.com\/tags\/orsted\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/orsted\/\">\u00d8rsted <\/a>have won a State contract to build an offshore wind farm capable of supplying electricity to around one million homes.<\/p>\n<p class=\"c-paragraph paywall \">Four groups last week bid for a deal to build the wind farm close to Dunmore East in Co Waterford in the latest offshore Renewable Energy Support Scheme auction.<\/p>\n<p class=\"c-paragraph paywall \">A partnership of the ESB and \u00d8rsted emerged with the winning, \u20ac98.72 a mega watt hour (MW\/h), the unit in which electricity is sold, the Department of Climate, Energy and the Environment confirmed on Wednesday.<\/p>\n<p class=\"c-paragraph paywall \">The price is higher than the \u20ac86.05MW\/h awarded to winning bids to build power plants in the Irish Sea two years ago.<\/p>\n<p class=\"c-paragraph paywall \">However, the Department and industry groups noted that it compared favourably with similar auctions run in other European countries that have succeeded in attracting bids from power companies.<\/p>\n<p class=\"c-paragraph paywall \">The price is indexed, so could potentially increase by the time the wind farm begins generating electricity, which department officials believe will be around 2032 or 2033.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2025\/11\/26\/wind-auction-may-tell-us-if-john-collison-is-right-about-our-inability-to-get-things-done\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Wind auction may tell us if John Collison is right about our inability to get things doneOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">The wind farm, dubbed Tonn Nua \u2013 Irish for new wave \u2013 will generate up to 900MW of electricity, enough to supply almost one million average homes, the department said.<\/p>\n<p class=\"c-paragraph paywall \">Neither company confirmed how the likely cost of building the offshore power plant, but some industry figures suggest that it could be around \u20ac4 billion.<\/p>\n<p class=\"c-paragraph paywall \">Daragh O\u2019Brien, Minister for Climate, Energy and the Environment dubbed the news an \u201cimportant milestone\u201d in the State\u2019s efforts to develop offshore energy.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThe highly competitive price secured represents positive news for Irish energy consumers and our nation, bringing us closer to overcoming the challenges of energy security and affordability,\u201d he said.<\/p>\n<p class=\"c-paragraph paywall \">Timmy Dooley, Minister of State with Responsibility for the Marine, predicted the project would contribute to delivering \u201ca clear and sustainable framework for developing offshore renewable energy\u201d.<\/p>\n<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/renewable-energy\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/renewable-energy\/\">Renewable Energy Support Scheme<\/a> auctions favour the lowest bid. Companies must supply power at the agreed price, with any changes tied to indexation.<\/p>\n<p class=\"c-paragraph paywall \">The auction was the first over an offshore area designated by the Government.<\/p>\n","protected":false},"excerpt":{"rendered":"State electricity company ESB and Danish energy group \u00d8rsted have won a State contract to build an offshore&hellip;\n","protected":false},"author":2,"featured_media":201507,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,442,18,52737,19,17,111245,23494],"class_list":{"0":"post-201506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-climate-change","10":"tag-eire","11":"tag-esb","12":"tag-ie","13":"tag-ireland","14":"tag-orsted","15":"tag-renewables"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115617053056234225","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/201506","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=201506"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/201506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/201507"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=201506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=201506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=201506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}