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flag Ireland approves 900-MW Tonn Nua offshore wind project with 20-year contract at €98.72/MWh.

flag Ireland’s government has approved a joint venture between ESB and Ørsted to develop the 900-megawatt Tonn Nua offshore wind project, securing a 20-year contract at €98.72 per megawatt hour. flag The project, expected to power about 800,000 homes, is on track for a final investment decision around 2031, with power generation potentially starting in the mid-2030s. flag While still subject to regulatory approvals and value creation requirements, the win is seen as a positive signal for offshore wind, despite ongoing challenges in Europe’s sector. flag A national offshore wind map, needed to unlock additional sites, is expected by 2027.

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