Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Spiorad na Mara is targeting Final Investment Decision in 2027 to enable construction start in 2028 and full operations from 2031. The February 2026 Planning Statement submitted with the offshore Section 36 application states that, subject to consents and a Contract for Difference outcome, construction is anticipated to begin in 2028 with completion in 2031. For a project of approximately 900 MW deploying fixed-bottom foundations with major equipment ordering and project finance arrangements required before construction, FID typically precedes mobilisation by 12-24 months, placing the FID milestone in 2027. Year precision reflects that the developer's filings provide phase-level rather than discrete-date scheduling and the timing is contingent on a successful CfD allocation outcome.