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SEM Chart of the Week

2019

When the Wild Wind Blows… time for offshore wind?

Evie Doherty Senior Consultant (Ireland)

On 22 January 2019 an announcement was made that ESB and Parkwind, which has been developing the Oriel Offshore Wind project off the coast of Louth, have entered into partnership for the Oriel project, as well as ESB’s Clogherhead project. This has been a welcome announcement in light of the many discussions, both publicly and at policy level, regarding Ireland’s climate change track record. The combination of the ESB/ Parkwind partnership and SSE’s plans to expand Ireland’s only commercial offshore wind farm, Arklow Bank, means that at least 1.3 GW of Ireland’s power could start coming from offshore wind during the early 2020s. This represents around 30% of Ireland’s Project 2040 ambitions to support up to 4.5GW of new renewables by 2030. Have you heard what they said on the news today Ireland has the potential to develop up to 4.5GW in offshore wind due to having a sea area around 10 times its landmass, as outlined in the government’s Offshore Renewable Energy Development Plan (OREDP). Figure 1 illustrates Ireland’s maritime boundaries. Last year Cornwall Insight Ireland published an insight paper on the future of offshore wind in Ireland, outlining recommendations that we feel are needed to help open up the market to investment. In order to attract investors to these projects, good policy making and transparent requirements are needed to allow them to assess the viability of offshore wind projects. Visibility on clear routes to market is required for assessment of ...

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