Oireachtas Joint and Select Committees

Tuesday, 16 May 2023

Joint Oireachtas Committee on Climate Action

Renewable Energy and Port Capacity: Discussion

Mr. Tim Murphy:

We are commercial semi-State companies so we follow a different model from the one in France, where, in places such as Port-la-Nouvelle, it is possible to build out purpose-built renewable energy, RE, facilities. Their system comprises municipalities, which are like local councils, that can give out their own money for a build. We are different in that context. The Irish Strategic Investment Fund, ISIF, which is a patient capital kind of model, fits into what can support the ports.

Many industries fed back. There are constraints at the moment in that offshore renewable platforms are fixed at 60 m of water depth. However, there is evidence in other ports around the world where that has been pushed up to 70 m, 80 m and beyond. There is potential there to push out the boundaries of what can be facilitated in the first fixed offshore renewable industry.