Episode Details

Offshore Wind Farm Project Off Irelands West Coast Scrapped After €56M Loss

A massive offshore wind farm project off Irelands West coast, backed by Corio Generation and valued at €1.4 billion, has been scrapped after burning through €56 million in losses. The project, Fuinneamh Sceirde Teoranta, aimed to power 350,000 homes with a 450 megawatt setup of 30 massive turbines. However, the project was halted in April 2025 due to tough market conditions and project hurdles. The company, which dropped €18.32 million in 2025 alone, has written off its full €12.69 million investment, bringing its losses to €70.39 million. The UK parent, Inis Top Company, is also facing a lawsuit from three Galway investors over issues with a share deal. The projects collapse leaves lessons on the wild ride of green energy bets in choppy waters.

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