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Plans afoot to develop national industrial strategy for offshore wind

The Minister for Enterprise, Trade and Employment, Simon Coveney, recently announced plans to develop a national industrial strategy for offshore wind, which will set out how Ireland can maximise the economic opportunity arising from the production of offshore wind energy (OWE).

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 per cent of our electricity from renewable sources by 2030. But, in order to deliver the enterprise opportunities associated with these targets, a collaborative approach between State and industry is needed. 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. This strategy is expected to be published in quarter one of 2024.