243. Deputy Mairéad Farrell asked the Minister for Climate, Energy and the Environment if the money from the Sceirde Wind Project has been recouped by the State; and if he will make a statement on the matter. [58953/26]

The Sceirde Rocks project was a 450 MW offshore wind project that was one of four successful bidders in my Department's first offshore wind auction in 2023. The project was owned by Corio Generation who announced a planned corporate restructuring on 8 April 2025 that would see them focus on a smaller portfolio of projects worldwide. By letter of 25 April, Corio formally notified my Department that the Sceirde Rocks project would not proceed. This notification terminated the ORESS support contract for the project, which meant that Corio's €35.5 million performance security under the contract was forfeit. This was paid over by the relevant bank in June 2025 and transferred to the Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, as required by Government financial procedures.