The Anonymous Widower

Ireland Joins Forces With EIB For Offshore Wind Port Upgrades

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of port infrastructure for offshore wind projects in Irish waters.

These are the first two paragraphs.

Signed by the Irish Minister for the Environment, Climate, Communications and Transport, Eamon Ryan, and EIB Vice President Ioannis, the advisory cooperation aims to evaluate the scale and nature of investment needed to upgrade Irish ports.

The initiative is said to unlock an estimated EUR 30 billion in investment in offshore wind projects in the country which plans to have 20 GW of capacity installed by 2040 and 37 GW by 2050.

It looks to me, that the Republic of Ireland will become a big player in the production of electricity from offshore wind.

I also suspect that Northern Ireland will play its part too!

September 13, 2024 - Posted by AnonW | Energy | European Investment Bank, Northern Ireland, Offshore Wind Power, Republic Of Ireland, Wind Power