Monday, 20 October 2025
Bord na Móna Reports Strong Financial Year as Renewable Energy Strategy Delivers Results Bord na Móna (trading as BnM) has reported an operating profit of €31.9 million for its 2025 financial year (March 2024 – April 2025), marking a successful first year operating solely as a renewable energy provider. This milestone reflects the company’s strategic […]
Bord na Móna (trading as BnM) has reported an operating profit of €31.9 million for its 2025 financial year (March 2024 – April 2025), marking a successful first year operating solely as a renewable energy provider. This milestone reflects the company’s strategic transformation and its expanding role in delivering clean, secure energy for Ireland.
During FY25, BnM completed several large-scale renewable energy projects, including:
Derrinlough Wind Farm
Cloncreen Battery Energy Storage System
Timahoe North Solar Farm, developed in partnership with ESB
These projects added 260MW of new generation capacity to the national grid. In total, BnM invested €111 million in renewable energy infrastructure during the year, €95 million in wholly owned projects and €16 million through joint ventures.
The company also progressed a major €1 billion joint venture with SSE Renewables, with the potential to deliver up to 800MW of new onshore wind capacity, making it one of Ireland’s largest such collaborations.
BnM now operates a 1GW renewable energy portfolio, with a 5GW development pipeline that includes onshore wind, solar, battery storage, and future offshore wind projects. Over the past five years, the company has invested more than €50 million in grid development to support this expansion.
Ireland has committed to generating 80% of its electricity from renewable sources by 2030 under its Climate Action Plan. Achieving this will require not just wind and solar development, but also major investments in grid infrastructure, storage, and public engagement.
Bord na Móna’s contribution, with its 1GW in operational assets and a 5GW pipeline, places it at the heart of Ireland’s clean energy transition. Its investment in battery energy storage and grid development aligns with national efforts to make the electricity system more resilient and flexible in the face of growing renewable input.
A key part of BnM’s climate strategy is its Peatlands Climate Action Scheme, through which it rehabilitated 2,778 hectares of former peatlands in FY25. These restored bogs help support carbon sequestration and create vital habitats for wildlife. In total, 20,000 hectares have been rehabilitated since the scheme began.
The company also reported a 38% year-on-year reduction in greenhouse gas (GHG) emissions and a 9% increase in renewable energy generation, underscoring its commitment to environmental targets.
BnM invested €1.4 million in its renewable energy community benefit funds over the past year. These funds support educational initiatives, near-neighbour schemes, and local enterprise development.
Notably, wind farm scholarship programmes at Cloncreen and Oweninny supported 22 students, with €165,000 allocated to learners pursuing studies in STEM and sustainability.
Through its Accelerate Green programme, BnM has provided mentorship and support to over 60 sustainability-focused businesses since 2022, contributing to the creation of more than 700 jobs. In FY25 alone, 35 businesses participated in the programme.
Bord na Móna’s €31.9 million operating profit illustrates that climate-positive business strategies can deliver not just environmental benefits, but strong financial outcomes. Crucially, BnM has shown that profitability and sustainability are not mutually exclusive, a message increasingly echoed across global capital markets.
Investors are now prioritising ESG (Environmental, Social, and Governance) metrics, and companies like BnM, with measurable impacts on emissions, land use, and community development, are better positioned to attract both public and private funding as global demand for climate-aligned finance accelerates.
As part of its ongoing workforce transition, BnM launched the New Beginnings: Start Your Own Business Programme in 2023. This initiative has helped 20 former employees launch independent ventures, creating 35 new jobs across the Midlands.
BnM’s transformation into a renewable energy company is backed by clear results in financial performance, environmental restoration, and community investment. Chief Executive Tom Donnellan remarked:
“FY25 was significant for BnM, marking our first complete year operating as a fully transformed renewable energy business, advancing our development of large-scale infrastructure, progressing strategic joint ventures, and scaling our clean energy portfolio.”
With a robust pipeline and ongoing investment, Bord na Móna continues to play a leading role in Ireland’s transition to a low-carbon future.
Bord na Móna’s transformation from a traditional peat-focused enterprise to a fully renewable energy company highlights how legacy organisations can evolve to meet modern environmental challenges. With strong financial performance, significant infrastructure investments, and a clear commitment to sustainability and community development, BnM is setting a benchmark for Ireland’s green energy future.
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