Offshore renewable wind energy could enter market by 2026 — Eamon Ryan

Environment Minister Eamon Ryan said the use of offshore wind energy would not only mean affordability for Irish households but would also create new jobs and allow for the export of excess power. Picture: iStock

Offshore renewable energy could begin entering the Irish market by the end of 2026 when it will have a “significant” impact on the cost of energy for households, according to Environment Minister Eamon Ryan.

Mr Ryan conceded it would take "some time" for energy costs to decrease in light of the announcement that four planned wind farms located on the east and west coasts were successful in Ireland's first auction for the generation of electricity from offshore wind.