Change of direction on offshore wind farms raises investors’ fears

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Energy industry experts warn that the government’s sudden policy shift will make it much harder for Ireland to meet its 2030 targets

In early November 2021, Equinor, the Norwegian energy giant, released a statement announcing it was pulling out of Ireland. The news sent shock waves through the Irish wind industry.

The company had been working on a joint venture project with ESB for almost two years. It was one of the most ambitious energy projects in the history of the state, a 1,400 megawatt floating offshore wind farm located off the coast of Clare and ...

 

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Ireland likely to miss 2030 renewable energy targets due to offshore wind policy U-turnIreland is set to miss its 2030 renewable energy targets following a “radical” change in offshore wind policy over recent weeks, senior energy industry figures have warned. No surprises here. Proper maritime spatial planning is the only way forward. Reason 2030 targets will be missed is because of the developer led policy currently pushed by government. Lobby groups should not influence good decision making. CoastalConcern EamonRyan damienwlr LorcanAllen So who is surprised? Govt approach flawed from beginning. No coherent plan from the beginning. Offshore WF projects advanced under outdated 1933 legislation, no strategic environmental assessment, no proper marine spatial plan, developer led site selection, before MPA designation
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Ireland likely to miss 2030 renewable energy targets due to offshore wind policy U-turnMid-process move to centralised plan-led system leading to uncertainty among international wind energy investors
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Change of direction on offshore wind farms raises investors’ fearsEnergy industry experts warn that the government’s sudden policy shift will make it much harder for Ireland to meet its 2030 targets FFG selling our wind energy to the higest bidder instead of investing in our future.
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