Minister Coveney announces plans to develop a National Industrial Strategy for Offshore Wind

Ireland’s Offshore Energy Programme includes a target to deliver 5GW of OWE by 2030 and a further 2GW of Floating OWE to be in development by 2030. The total target for OWE rises to at least 37GW by 2050. This forms part of the government’s target to provide 80% of our electricity from renewable sources by 2030. In order to deliver the enterprise opportunities associated with these targets, a collaborative approach between state and industry is needed, and today’s announcement sets out the Government’s plan for achieving this. The National Industrial Strategy for Offshore Wind will be developed in consultation with the relevant government departments, agencies, and industry, with the objective of ensuring that Ireland fully captures the value of both the supply chain to deliver an OWE sector at scale, and the routes to market for this renewable energy.

It is expected that the National Industrial Strategy for Offshore Wind will be published in Q1 2024 and complement the suite of upcoming government policies led by the Department of Environment, Climate and Communications through the Offshore Wind Delivery Taskforce .

Announcing the plan, Minister Coveney said:

“The impact of recent geopolitical events on the European energy market has accelerated our decarbonisation ambitions and added real urgency to transitioning to clean, renewable energy. Ireland has an internationally recognised significant offshore wind resource which we are now beginning to develop. It is essential to ensure that our enterprise sector is ready to contribute to the delivery of offshore wind, while also maximising the economic benefit which will arise from the availability of abundant clean, renewable energy.

“Today’s announcement is an important step towards developing new, regionally dispersed economic opportunities based on Offshore Wind, and I very much look forward to working with colleagues across government and industry over the coming months as we develop an industrial strategy that will deliver real long-term benefits to both the economy and society.”

Welcoming the Strategy, the Minister for the Environment, Climate and Communications, Eamon Ryan, said:

“I wholeheartedly support this initiative to develop an industrial strategy for offshore wind. Developing an offshore wind sector requires a whole-of-economy mobilisation, and an industrial strategy will provide a clear signal to international markets that across government, and indeed across Ireland; we are serious about this opportunity. Another strong signal will be sent later this week when the results of ORESS 1, our first offshore wind auction, are announced. This will provide a route to market for the first offshore wind projects, a record amount of renewables, at a highly competitive price.”