Homes and businesses to pay more than European average for offshore power in new deal

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Homes and businesses to pay more than European average for offshore power in new deal
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Four power companies win deals from State through renewables scheme

Sinn Féin said the price disparity with other European countries reflected electricity grid issues, high connection costs and potential planning delays.

Two projects, Oriel Wind Park, a partnership of ESB and Belgian player Parkwind, and Scottish group SSE Renewables Arklow Bank failed to win contracts.Sceirde Rocks is planned for off the Co Galway coast while the other three will be in the Irish Sea, close to Dublin, where demand for electricity is highest. The wind farms will generate enough electricity to power up to 2.5 million homes at full capacity.

Construction could take from one to three years, depending on the wind farm’s size, so electricity is likely to begin flowing from them towards the end of the decade. Statkraft calculated that the North Irish Sea Array plant, which will have 824MW, could begin supplying electricity in 2028.

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