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POWER: Ireland to Fund Connection Points for over 3GW of Offshore Wind

POWER
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Ireland will support domestic TSO Eirgrid to install grid connections for its Phase 1 offshore wind farms – which would see over 3GW of capacity built- through €750mn of funding, it said, cited by Renews.biz.

  • The auction secured over 3GW of capacity from four offshore wind projects at an average of €86.05/MWh. This will deliver over 12 TWh/yr of power.
  • The cash will come from the sale of the state’s shares in bank AIB, according to the energy department DECC.
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Ireland will support domestic TSO Eirgrid to install grid connections for its Phase 1 offshore wind farms – which would see over 3GW of capacity built- through €750mn of funding, it said, cited by Renews.biz.

  • The auction secured over 3GW of capacity from four offshore wind projects at an average of €86.05/MWh. This will deliver over 12 TWh/yr of power.
  • The cash will come from the sale of the state’s shares in bank AIB, according to the energy department DECC.