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Displaying items by tag: Powering Prosperity

Powering Prosperity – Ireland’s Offshore Wind Industrial Strategy, the first strategy of its kind for Ireland, aims to build a successful, vibrant and impactful offshore wind energy industry in Ireland.

This will ensure that the sector creates as much value as possible throughout Ireland and maximises the economic benefits associated with government ambitions to deliver its 2030, 2040 and 2050 offshore wind targets.

Powering Prosperity, which includes 40 actions that will be implemented in 2024 and 2025, was developed as part of close ongoing collaboration between the Department of Enterprise, Trade and Employment and other Government departments and agencies within the Offshore Wind Delivery Taskforce (OWDT).

These actions aim to build a strong and resilient offshore wind supply chain in Ireland, as well as exploring opportunities for Irish companies to play a major role in the development of offshore wind projects in Ireland and abroad.

It also explores opportunities to leverage Ireland’s existing strengths in RD&I, finding ways to support the sector to reach the cutting edge of future developments in offshore wind.

The era of offshore wind represents a game-changing opportunity for communities right across Ireland and particularly around our coastline. The country’s key deployment and O&M ports can be major industrial hubs of the future transforming regions in the process.

A suite of policies related to the transmission of and demand for OWE and its derivatives also inform this strategy, including the review of the National Ports Policy, which will be conducted by the IMDO on behalf of the Department of Transport. The National Ports Policy provides the overarching policy framework for the governance and future development of Ireland’s State port network and is an important piece of policy development given the role that ports are expected to play in the delivery of offshore renewable energy.

Published in Power From the Sea

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

These pages cover the following sectoral areas: shipowners, harbour authorities, shipbrokers, freight forwarders and contractors, cruise liner operators, port users, seamen, merchants, academic institutions, shipyards and repair facilities, naval architects, navy and defence personnel.

Our pages are covering some of the most notable arrivals around our coast and reporting too on port development and shipping news.

This section of the site deals with Port and Shipping News on our largest ports Dublin Port, Port of Cork, the Shannon Estuary, Galway Harbour and Belfast Lough.

A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”