Ireland set to become €8bn renewable energy hub

Ireland is poised to become an €8 billion ‘green energy’ hub on the back of a significant offshore windfarm project being planned for the north Irish Sea.

Irish-owned clean energy firms, Oriel Windfarm and Gaelectric have signed a memorandum of understanding to co-develop a new project — the North Irish Sea Array (NISA) – which has the potential to produce up to 870 megawatts of wind energy.

The two will commence the project with a 15mw demonstration project entailing an investment of €80m in a new R&D hub for offshore wind energy.