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The Government must invest in ports in order to make them capable of developing offshore wind energy projects, or risk seeing investment go elsewhere, a new report has found.
The study produced for Wind Energy Ireland by consultants Gavin & Doherty Geosolutions also claims such support from the State is common and widespread across Europe.
But the analysis claims a failure by the Government to act means offshore wind projects, due to compete in an auction next month, still have no idea if any Irish ports will be available to construct the wind farms.
It claims that this uncertainty will push up prices resulting in Irish electricity consumers paying more for their power for decades to come.
The document outlines how several ports, including Rosslare, Cork Dockyard and Shannon-Foynes, have plans to expand their port infrastructure in order to be used to build offshore wind farms.
However, it also points out that these improvements will require significant amounts of investment.
“Support from the Irish Government would de-risk upfront investment and could plug any funding gaps,” said Paul Doherty, Executive Director of Gavin & Doherty Geosolutions.
“This support could be in the form of direct funding from the exchequer, a low-interest loan scheme or access to funding vehicles such as the Ireland Strategic Investment Fund (ISIF) and the European Investment Bank.”
The report found by looking at case studies that the issue of State Aid is not a problem.
“The Irish Government can choose to do this or it can choose not to,” said Mr Doherty.
Last year’s National Ports Study showed Belfast to be the only port on the island of Ireland that is currently fully equipped to serve as a construction base for offshore wind farms.
“We want to build Irish offshore wind farms in Irish ports,” said Noel Cunniffe, CEO of Wind Energy Ireland.
“Our members – both ports and developers – are absolutely united on this. That is the best way to create jobs at home and to deliver offshore wind energy at the lowest possible price. But the Irish Government needs to want this as well.”
Mr Cunniffe added that without more ports capable of being used for building offshore wind projects, Ireland will either completely miss its 2030 climate targets or the wind farms will be built from ports outside of Ireland.
“Instead of growing jobs in Wexford, Cork and Limerick, our wind farms will be creating employment in Great Britain and France,” he said.
The report recommends that ports, the offshore renewable energy industry and State agencies be brought together under the Offshore Wind Delivery Task-force to identify solutions, including the possibility of designing an Irish Strategic Port Investment Model.
It also suggests updating the National Ports Policy to enable the State to invest in port infrastructure for offshore renewable energy.
While it also says that the Government could work with industry and the Ireland Strategic Investment Fund to support the development of port infrastructure for offshore renewable energy.
“No one is looking for a blank cheque from Government, but whether it is through the Strategic Investment Fund, EU funding or from the State, the reality is that financial support is necessary to give confidence to private investors that Ireland is serious about developing the infrastructure we need to build offshore wind energy,” said Mr Cunniffe.
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