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Displaying items by tag: NAMA

#NaomhEanna - Naomh Éanna a former CIE Aran Islands ferry due to be scrapped earlier this year as previously reported, has been acquired by the Irish Ship & Barge Fabrication Company, effectively securing the heritage vessel, writes Jehan Ashmore.

There are plans by IS&BF for a major refit of the veteran vessel that would see her become a tourist attraction back in her former homeport of Galway, as she would feature a boutique hostel, restaurant, cafe and museum in the harbour's single Dun Aengus Dock.

Naomh Eanna is a riveted hulled ship completed in 1958 at the Liffey Dockyard, she carried some 300 passengers and freight including livestock between Galway and the three Aran Islands. She has been lying derelict in Dublin Port for more than 25 years.

She is one of the last such ships built in Europe using rivetted construction technique. In addition she is one of the last ships to be built in the capital and is one of the oldest surviving Irish built ships remaining in our waters.

According to the Naomh Éanna Save Our Ship Campaign, there are negotiations with NAMA over a lease of the graving dock site in Dublin's Grand Canal Basin. This would allow surveyors to access the ship (currently in the graving dock) and determine her hull condition and machinery which is understood to be in working order.

Subject to the outcome of her survey, IS&BF intend to carry out the major refit of the 483 tonnes vessel with her new owners seeking investment from venture capitalists to invest in the project.

Since her shift of berth within Grand Canal Basin earlier this year, there has been an ongoing dispute by campaigners to save Naomh Eanna from scrapping by Waterways Ireland, the Department of Arts, Heritage and the Gaeltacht and NAMA.

Prior to Naomh Éanna's relocation earlier this year, she had been laid-up at her long-term berth alongside Charlotte Quay within the Grand Canal Dock since 1989.

The previous year she had been withdrawn from the west of Ireland service as she failed an inclination test and sailed to Dublin Port. She initially berthed in the capital close to the shipyard from where she was launched into Alexandra Basin.

 

Published in Historic Boats

#NaomhEanna -The Naomh Éanna, a former CIE ferry that campaigners are attempting to save from being scrapped appears to be making progress, reports TheJournal.ie

Having reached a deal to take over responsibility for the vessel with a number of other stakeholders or potential stakeholders involved in deciding her fate.

Only the question of whether NAMA will allow the group to carry out survey and repairs as previously reported on Afloat.ie on the heritage vessel remains a potential stumbling block.

However, a meeting with the agency is being arranged for the coming days, at which the issue will be discussed.

Built in the Liffey Dock in 1956 and once used to carry passengers and supplies between Galway and the Aran Islands, the ferry has been berthed in Dublin's Grand Canal Dock since the late 1980s — where she has since fallen into disrepair.

Waterways Ireland, which manages the docks, had been planning to scrap the vessel; safety concerns were raised in a hull inspection, and the ship could not be moved from the waterway under her own power.

Campaigners had asked for the plan to scrap the vessel to be delayed — but such a move seemed unlikely, until Minister Jimmy Deenihan announced a last-minute stay of execution earlier this year, following questioning in the Seanad from Senator David Norris.

For more on this latest development, visit HERE.

 

Published in Historic Boats

#QUAYCAPITAL - Businessman Denis O'Brien has spent about €1 million on the purchase of two campshire warehouses, fronting the south quays of the Liffey in Dublin's Docklands quarter.

The campshires are the stretches of land between the quay and road on both the north and south quays in Dublin, which in times past, were thronged with warehouses during the days when cargoships used to sail this far up the Liffey.

Mr O'Brien is expected to spend almost as much again on the upgrading and refurbishment work before renting the buildings as restaurants or for other retail uses.

The detached buildings at Sir John Rogerson's Quay date from the 1880s and were handed over to Nama after the Government decided to dissolve the disgraced Dublin Docklands Development Authority.

Selling agent CBRE said most of the considerable number of inquiries it received about the former BJ Marine warehouses came from the catering industry because of their unique quayside location in an area where a large number of professional workers are employed.

"There is obviously a growing demand for services in what has now become a vibrant business district," says Niamh Sheehan, who handled the sales. For more on this story, the Irish Times has a report.

Published in Waterfront Property

#INLAND WATERWAYS - The site of the former graving docks at Grand Canal Dock has been transferred to NAMA in a deal which frees the Dublin Docklands Development Authority (DDDA) from a €29 million plus bank guarantee.

Plot 8 at Sir John Rogerson's Quay is one of a suite of nine sites that have been transferred to the Government's 'bad bank' in a negotiated loan settlement that extricates the Docklands body from loan guarantees given by banks that financed the "disastrous" Dublin Glass Bottle site deal in 2006.

Sites handed over in the deal include the former 'U2 Tower' and the historic BJ Marine premises on the banks of the Liffey, as well as the aforementioned Dublin Glass Bottle site.

The Dublin branch of the Inland Waterways Association of Ireland (IWAI) had been hoping to embark on a restoration of the graving docks at Plot 8 to their former working order (a detailed history of the docks and restoration plans is available HERE).

This project had been given the blessing of the DDDA and Waterways Ireland, which owns the freehold lease on the site, with a view to its restoration helping to fund the Ulster Canal scheme.

However with the transfer of the DDDA's interest in the site to NAMA, the authority has now withdrawn permission for the IWAI to do any restoration work, leaving the future of the graving docks in limbo.

Published in Inland Waterways
The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.
The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.
However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.
Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village.
But there is no indication of when construction might start on the scheme should it be given the go ahead.

The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.

The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.

However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.

Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village. 

But there is no indication of when construction might start on the scheme should it be given the go ahead.

Published in Waterfront Property
The National Asset Management Agency (NAMA) is currently reviewing plans to continue development of Greystones Harbour, WicklowNews.net reports.
NAMA, which took over the loans connected to the controversial €300 million development, has received Sispar's business plan for developing the proposed public walkway and retail units, as well as amenities for water users, further to proposals outlined in June.
It is expected that the limited development could be completed by September next year, pending NAMA approval. The agency is set to announce its decision next month.
WicklowNews.net has more on the story HERE.

The National Asset Management Agency (NAMA) is currently reviewing plans to continue development of Greystones Harbour, WicklowNews.net reports.

NAMA, which took over the loans connected to the controversial €300 million development, has received Sispar's business plan for developing the proposed public walkway and retail units, as well as amenities for water users, further to proposals outlined in June.

Signs and buoys strung across Greystones harbour to keep mariners out of the new basin

 

It is expected that the limited development could be completed by September next year, pending NAMA approval. The agency is set to announce its decision next month.

WicklowNews.net has more on the story HERE.

Published in Greystones Harbour
The partially redeveloped Greystones Harbour could be opened to the public by mid-summer, The Irish Times reports.
Hoardings may come down to open the marine sections of the €300 million development while plans are finalised to complete the rest of the project - which includes new harbour facilities, commercial units, homes and recreational spaces.
A spokesperson for development consortium Sispar said the decision on finding the next phase rests with that National Assets Management Agency (Nama).
Wicklow County Council chairman Tom Fortune said he was hopeful that the hoardings around the harbour area would come down later this year “in part at least”.
The Irish Times has more on the story HERE.

The partially redeveloped Greystones Harbour could be opened to the public by mid-summer, The Irish Times reports.

Hoardings may come down to open the marine sections of the €300 million development while plans are finalised to complete the rest of the project - which includes new harbour marina facilities, commercial units, homes and recreational spaces.

A spokesperson for development consortium Sispar said the decision on finding the next phase rests with that National Assets Management Agency (Nama).

Wicklow County Council chairman Tom Fortune said he was hopeful that the hoardings around the harbour area would come down later this year “in part at least”.

The Irish Times has more on the story HERE.

Published in Greystones Harbour

Tuesday nights Greystones Town Council meeting was informed by Greystones harbour developer Sispar that the major work on the seawalls would be complete at the end of November 2010.

Following this, construction of the Health Centre, public square and Community buildings for the Sea Scouts, Rowers, Anglers, Divers and Sailors will start in January and should be complete in December 2011.

The hoardings which have blocked the view of the harbour and proposed marina will be taken down as these works are completed in 2011.

Local councillor Derek Mitchell (and a Ruffian keelboat champion) told Afloat.ie: "I welcome this as Greystones had been trying to get the harbour rebuilt for over a hundred years and this will create the best Community Harbour in Ireland".

Councillor Mitchell adds "The developer has applied to change some of the housing and add 34 houses to the North. Wicklow County Council is to vote on this in December. These houses may not be built yet, depending on the housing market, but access will be provided across the site to the North Beach and the new swimming beach there"

"The meeting was also told that the loan would be going in to NAMA, as all loans will, however this is not expected to make any difference to the project", he added.

Councillors asked for more Community tours so that people could see what has been achieved.

Published in Greystones Harbour

Ireland's Offshore Renewable Energy

Because of Ireland's location at the Atlantic edge of the EU, it has more offshore energy potential than most other countries in Europe. The conditions are suitable for the development of the full range of current offshore renewable energy technologies.

Offshore Renewable Energy FAQs

Offshore renewable energy draws on the natural energy provided by wind, wave and tide to convert it into electricity for industry and domestic consumption.

Offshore wind is the most advanced technology, using fixed wind turbines in coastal areas, while floating wind is a developing technology more suited to deeper water. In 2018, offshore wind provided a tiny fraction of global electricity supply, but it is set to expand strongly in the coming decades into a USD 1 trillion business, according to the International Energy Agency (IEA). It says that turbines are growing in size and in power capacity, which in turn is "delivering major performance and cost improvements for offshore wind farms".

The global offshore wind market grew nearly 30% per year between 2010 and 2018, according to the IEA, due to rapid technology improvements, It calculated that about 150 new offshore wind projects are in active development around the world. Europe in particular has fostered the technology's development, led by Britain, Germany and Denmark, but China added more capacity than any other country in 2018.

A report for the Irish Wind Energy Assocation (IWEA) by the Carbon Trust – a British government-backed limited company established to accelerate Britain's move to a low carbon economy - says there are currently 14 fixed-bottom wind energy projects, four floating wind projects and one project that has yet to choose a technology at some stage of development in Irish waters. Some of these projects are aiming to build before 2030 to contribute to the 5GW target set by the Irish government, and others are expected to build after 2030. These projects have to secure planning permission, obtain a grid connection and also be successful in a competitive auction in the Renewable Electricity Support Scheme (RESS).

The electricity generated by each turbine is collected by an offshore electricity substation located within the wind farm. Seabed cables connect the offshore substation to an onshore substation on the coast. These cables transport the electricity to land from where it will be used to power homes, farms and businesses around Ireland. The offshore developer works with EirGrid, which operates the national grid, to identify how best to do this and where exactly on the grid the project should connect.

The new Marine Planning and Development Management Bill will create a new streamlined system for planning permission for activity or infrastructure in Irish waters or on the seabed, including offshore wind farms. It is due to be published before the end of 2020 and enacted in 2021.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE. Is there scope for community involvement in offshore wind? The IWEA says that from the early stages of a project, the wind farm developer "should be engaging with the local community to inform them about the project, answer their questions and listen to their concerns". It says this provides the community with "the opportunity to work with the developer to help shape the final layout and design of the project". Listening to fishing industry concerns, and how fishermen may be affected by survey works, construction and eventual operation of a project is "of particular concern to developers", the IWEA says. It says there will also be a community benefit fund put in place for each project. It says the final details of this will be addressed in the design of the RESS (see below) for offshore wind but it has the potential to be "tens of millions of euro over the 15 years of the RESS contract". The Government is also considering the possibility that communities will be enabled to invest in offshore wind farms though there is "no clarity yet on how this would work", the IWEA says.

Based on current plans, it would amount to around 12 GW of offshore wind energy. However, the IWEA points out that is unlikely that all of the projects planned will be completed. The industry says there is even more significant potential for floating offshore wind off Ireland's west coast and the Programme for Government contains a commitment to develop a long-term plan for at least 30 GW of floating offshore wind in our deeper waters.

There are many different models of turbines. The larger a turbine, the more efficient it is in producing electricity at a good price. In choosing a turbine model the developer will be conscious of this ,but also has to be aware the impact of the turbine on the environment, marine life, biodiversity and visual impact. As a broad rule an offshore wind turbine will have a tip-height of between 165m and 215m tall. However, turbine technology is evolving at a rapid rate with larger more efficient turbines anticipated on the market in the coming years.

 

The Renewable Electricity Support Scheme is designed to support the development of renewable energy projects in Ireland. Under the scheme wind farms and solar farms compete against each other in an auction with the projects which offer power at the lowest price awarded contracts. These contracts provide them with a guaranteed price for their power for 15 years. If they obtain a better price for their electricity on the wholesale market they must return the difference to the consumer.

Yes. The first auction for offshore renewable energy projects is expected to take place in late 2021.

Cost is one difference, and technology is another. Floating wind farm technology is relatively new, but allows use of deeper water. Ireland's 50-metre contour line is the limit for traditional bottom-fixed wind farms, and it is also very close to population centres, which makes visibility of large turbines an issue - hence the attraction of floating structures Do offshore wind farms pose a navigational hazard to shipping? Inshore fishermen do have valid concerns. One of the first steps in identifying a site as a potential location for an offshore wind farm is to identify and assess the level of existing marine activity in the area and this particularly includes shipping. The National Marine Planning Framework aims to create, for the first time, a plan to balance the various kinds of offshore activity with the protection of the Irish marine environment. This is expected to be published before the end of 2020, and will set out clearly where is suitable for offshore renewable energy development and where it is not - due, for example, to shipping movements and safe navigation.

YEnvironmental organisations are concerned about the impact of turbines on bird populations, particularly migrating birds. A Danish scientific study published in 2019 found evidence that larger birds were tending to avoid turbine blades, but said it didn't have sufficient evidence for smaller birds – and cautioned that the cumulative effect of farms could still have an impact on bird movements. A full environmental impact assessment has to be carried out before a developer can apply for planning permission to develop an offshore wind farm. This would include desk-based studies as well as extensive surveys of the population and movements of birds and marine mammals, as well as fish and seabed habitats. If a potential environmental impact is identified the developer must, as part of the planning application, show how the project will be designed in such a way as to avoid the impact or to mitigate against it.

A typical 500 MW offshore wind farm would require an operations and maintenance base which would be on the nearby coast. Such a project would generally create between 80-100 fulltime jobs, according to the IWEA. There would also be a substantial increase to in-direct employment and associated socio-economic benefit to the surrounding area where the operation and maintenance hub is located.

The recent Carbon Trust report for the IWEA, entitled Harnessing our potential, identified significant skills shortages for offshore wind in Ireland across the areas of engineering financial services and logistics. The IWEA says that as Ireland is a relatively new entrant to the offshore wind market, there are "opportunities to develop and implement strategies to address the skills shortages for delivering offshore wind and for Ireland to be a net exporter of human capital and skills to the highly competitive global offshore wind supply chain". Offshore wind requires a diverse workforce with jobs in both transferable (for example from the oil and gas sector) and specialist disciplines across apprenticeships and higher education. IWEA have a training network called the Green Tech Skillnet that facilitates training and networking opportunities in the renewable energy sector.

It is expected that developing the 3.5 GW of offshore wind energy identified in the Government's Climate Action Plan would create around 2,500 jobs in construction and development and around 700 permanent operations and maintenance jobs. The Programme for Government published in 2020 has an enhanced target of 5 GW of offshore wind which would create even more employment. The industry says that in the initial stages, the development of offshore wind energy would create employment in conducting environmental surveys, community engagement and development applications for planning. As a site moves to construction, people with backgrounds in various types of engineering, marine construction and marine transport would be recruited. Once the site is up and running , a project requires a team of turbine technicians, engineers and administrators to ensure the wind farm is fully and properly maintained, as well as crew for the crew transfer vessels transporting workers from shore to the turbines.

The IEA says that today's offshore wind market "doesn't even come close to tapping the full potential – with high-quality resources available in most major markets". It estimates that offshore wind has the potential to generate more than 420 000 Terawatt hours per year (TWh/yr) worldwide – as in more than 18 times the current global electricity demand. One Terawatt is 114 megawatts, and to put it in context, Scotland it has a population a little over 5 million and requires 25 TWh/yr of electrical energy.

Not as advanced as wind, with anchoring a big challenge – given that the most effective wave energy has to be in the most energetic locations, such as the Irish west coast. Britain, Ireland and Portugal are regarded as most advanced in developing wave energy technology. The prize is significant, the industry says, as there are forecasts that varying between 4000TWh/yr to 29500TWh/yr. Europe consumes around 3000TWh/year.

The industry has two main umbrella organisations – the Irish Wind Energy Association, which represents both onshore and offshore wind, and the Marine Renewables Industry Association, which focuses on all types of renewable in the marine environment.

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