Bord na Mona

What Bord na Mona does

Bord na Móna is an Irish semi-state company, owned by the Government of Ireland, that has completed a strategic pivot from peat extraction to utility-scale renewable energy generation and peatland rehabilitation. Founded in 1934 to develop Ireland's peat industry, the company ceased peat operations around 2020 and reported its first full fiscal year as a pure-play renewable energy provider for the year ending March 2025, with operating profit of €31.9M (down from €106.7M in FY2024 due to transition costs) and €111M invested in renewable projects during the period.

The company's core offerings span onshore wind generation (anchored by the 126MW Derrinlough Wind Farm in County Offaly), utility-scale solar photovoltaic generation delivered primarily through joint ventures with ESB (including the 108MW Timahoe North Solar Farm and a 99MW Drombeg Solar Park, with a pipeline targeting up to 500MW across four solar plants), and battery energy storage systems that provide grid balancing services. The asset base is built on extensive former peat-extraction landholdings across the Irish Midlands, which give the company a structurally advantaged site pipeline. Complementing the energy business, Bord na Móna runs a peatlands rehabilitation programme to restore biodiversity and sequester carbon, an Energy Park platform, and public amenity and tourism assets such as Lough Boora Discovery Park and 79km of walking and cycling trails under development.

The business model is anchored in long-term corporate Power Purchase Agreements — most notably with Amazon Web Services for renewable energy from the Derrinlough Wind Farm — alongside merchant electricity sales to the Irish national grid via EirGrid and shared revenues from joint ventures with ESB and SSE Renewables. The company is funded primarily through a €430M banking facility syndicated in February 2023 (the largest funding package in its history), supplemented by EU Just Transition co-financing (€18.1M allocated across 22 Midlands projects) and community benefit funds exceeding €700,000 distributed to local stakeholders. As a state-owned enterprise with 1,001–5,000 employees, Bord na Móna combines commercial renewable development with a public-policy mandate to drive Ireland's net-zero-by-2050 target and to support economic transition in the Midlands region.

Name

Bord na Mona

Legal name

Bord na Móna

Website

https://bordnamona.ie

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bord na Móna is an Irish government-owned semi-state company that develops and operates utility-scale onshore wind, solar PV, and battery storage assets on former peatlands in the Irish Midlands, selling electricity under long-term corporate PPAs (notably with AWS) and to the national grid via JVs with ESB and SSE Renewables.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Renewable energy generation
• Onshore wind power
• Utility-scale solar
• Battery energy storage
• Peatland rehabilitation

Headquarters

HQ city

Kildare

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Energy Generation & Sale: Bord na Móna generates electricity from its portfolio of onshore wind farms, solar farms, and battery storage assets. Revenue is derived from the sale of electricity under long-term corporate PPAs to large energy consumers (such as AWS) and from merchant electricity sales to the Irish national grid. This is the primary revenue stream, with the company reporting €31.9 million operating profit in its first full year as a renewable energy provider (year ending March 2025).
2. Corporate Power Purchase Agreements (PPAs): Long-term offtake agreements with corporate buyers (e.g., Amazon Web Services) for renewable energy generated at BnM-owned or co-developed facilities. PPAs provide stable, recurring revenue and long-term offtake certainty that supports project financing.
3. Joint Ventures with State Utilities: Co-development and co-investment arrangements with Irish semi-state energy companies (ESB, SSE Renewables) for solar and wind projects. BnM holds equity stakes in jointly owned assets and shares in project revenues.
4. Community Benefit Funds: Revenue-funded community investment programmes distributing funds to local communities near renewable energy project sites. While not a direct revenue stream, these funds are a cost of operations and strengthen social licence to operate, enabling continued project development.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Bord na Móna develops, owns, and operates utility-scale renewable energy assets in Ireland — primarily onshore wind farms, solar photovoltaic plants (via joint ventures with ESB), and battery energy storage systems — and sells the generated electricity under long-term corporate Power Purchase Agreements (PPAs) and to the Irish national grid. The company also rehabilitates and restores former peat extraction lands for biodiversity, carbon sequestration, and public amenity use, leveraging 90 years of land management expertise across the Irish Midlands.

Product overview

Bord na Mona (BnM) is an Irish semi-state company transitioning from peat extraction to renewable energy and peatland restoration. The company's core offerings span clean energy generation through onshore wind farms, battery storage systems, and solar power (via joint ventures), alongside an Energy Park platform. Complementary to energy operations are peatland restoration and rehabilitation services supporting Ireland's net zero by 2050 target. The company also operates public amenities including the Lough Boora Discovery Park, develops 79km of walking and cycling trails across the Midlands, and manages Community Benefit Funds for local residents. The Accelerate Green program supports community transition to green economy opportunities.

Differentiator

Problem solved

Functional benefit

Products and services

• Onshore Wind Development and operation of utility-scale onshore wind farms for electricity generation, sold under corporate PPAs and to the Irish national grid. Includes the 126MW Derrinlough Wind Farm in County Offaly, capable of powering approximately 90,000 homes.
• Solar Power Utility-scale solar photovoltaic generation developed through joint ventures with state utility ESB. Includes the 108MW Timahoe North Solar Farm and the 99MW Drombeg Solar Park, with a joint venture pipeline targeting up to 500MW across four planned plants.
• Battery Energy Storage Battery energy storage infrastructure used for grid balancing and clean energy dispatch, supporting integration of intermittent wind and solar generation into the Irish electricity grid.
• Energy Park Integrated energy park infrastructure combining multiple renewable generation technologies (wind, solar) and battery storage at a single site, enabling coordinated clean energy production and grid support.
• Peatlands Restoration Restoration and rehabilitation of former peat extraction lands across the Irish Midlands for biodiversity recovery, carbon sequestration, and public amenity use. Draws on 90 years of land management expertise and supports Ireland's net-zero 2050 target.

Quantifiable outcome

• 126MW of wind capacity capable of powering ~90,000 homes
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Amazon Web Services (AWS)flagshipStrategic or Co-development Partner · 1 January 2026Amazon Web Services, the world's largest corporate purchaser of renewable energy, has partnered with Bord na Móna through corporate Power Purchase Agreements (PPAs) for renewable energy from the Derrinlough Wind Farm in County Offaly. AWS has green energy agreements in Ireland totalling 310MW with a target of up to 800MW, with the Derrinlough wind farm (126MW, capable of powering ~90,000 homes) representing a flagship component of this portfolio. The partnership supports AWS's compliance with Ireland's 2023 rule requiring data centres to source 80% of power from new Irish renewable plants and is framed as a key demand driver for Irish wind and solar development.
• SSE RenewablescoreStrategic or Co-development PartnerBord na Móna and SSE Renewables are engaged in a joint venture for the development of renewable energy projects in Ireland. The partnership combines BnM's land holdings and domestic expertise with SSE Renewables' development and operational capabilities in the Irish wind and solar market. Progress on the joint venture was reported in BnM's FY2025 results.
• ESB (Electricity Supply Board)coreStrategic or Co-development PartnerESB and Bord na Móna operate a joint venture targeting up to 500MW of solar capacity across four planned solar plants in Ireland. Key assets include the 108MW Timahoe North Solar Farm (opened 2025) and the Drombeg Solar Park (combined 99MW with 50MW Phase 1 and 44MW Phase 2 extension). The JV leverages ESB's utility-scale procurement and grid relationships alongside BnM's land assets and domestic presence. Both companies emphasise community benefits from these projects.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/bordnamonafire
• Facebookfacebook.com/bordnamonafuels
• LinkedInlinkedin.com/company/bord-na-mona
• Instagraminstagram.com/bnmireland

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bord na Mona