The wind energy industry in Ireland and Europe has been anticipating the results of the Tonn Nua offshore wind auction for months. Bidding closed last week and, given the recent string of failed auctions around Europe, the question on everyone’s mind was whether there would even be a winner. The Government was, therefore, happy to announce on Wednesday that not only was there a winner, but that the “hugely competitive auction has surpassed expectations” and the electricity price achieved was good. “It’s a clear sign that international companies are confident in Ireland’s ambition and infrastructure,” Minister for Climate, Energy and…

Read on for just €1

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .