Port of Cork calls for 'innovative financing solutions' to bridge €70m funding gap for offshore wind facilities

The Port of Cork is the only Irish port with planning in place to build out its infrastructure to help facilitate the development of the offshore renewable energy sector. File picture: David Creedon

The Port of Cork has called for “collaborative efforts and innovative financing solutions” to help bridge a €70m funding gap which threatens its ambitious plans to develop its facilities for the offshore renewable energy sector.

It made its comments after Environment Minister Eamon Ryan said the Government would be “pressing the go button very soon” on the development, despite ongoing uncertainty over the financing of the multi-million project.