Irish auction set to be world’s most expensive for offshore wind energy

The price tag is expected to be close to €150 per megawatt hour, which is three times more expensive than the latest sale in Scotland and far higher than other European countries

Eamon Ryan TD, Minister for the Environment, Climate, Communications and Transport, will announce the results of the first O-RESS auction on Thursday. Picture: Bryan Meade

Ireland is set to unveil the world’s most expensive offshore wind prices this week when the government announces the results of its first ever offshore wind energy auction.

Industry experts believe the results of this very first offshore renewable energy subsidy auction, known as O-RESS 1, will deliver average prices close to the €150 per megawatt hour (MWh) price cap, which is more than triple the price of offshore wind in Scotland and considerably higher ...