Ireland is on the cusp of an energy revolution. The 3.5 GW target for offshore wind set in Ireland’s 2019 Climate Action Plan alone will require an initial investment worth €8.6 billion, creating thousands of jobs in planning, development and construction and hundreds of long-term jobs in operations and maintenance.
However, as the path to a new domestic Irish energy industry becomes clearer, so do unanswered questions about where this money will go. At best, Irish firms would be able to attract just 22 per cent of the life time multi-billion euro investment.
This report, written for Greentech SkillNet which is managed by the Irish Wind Energy Association, is a detailed analysis of the opportunities and challenges Ireland faces in building an offshore wind supply chain. While it identifies many difficulties, it also comes with solutions and ideas that are clear, practical and achievable. If these solutions are implemented, we estimate Ireland could grow its share of new offshore wind investment to 53 per cent by 2030 .
This report was originally published on the Irish Wind Energy Association website.