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Displaying items by tag: property

#dublinport - At Dublin Port freight requiring physical checks after Brexit will, writes The Irish Times, be inspected in a warehouse formerly owned by businessman Harry Crosbie following an agreement signed by the State.

As part of contingency planning for the United Kingdom crashing out of the European Union without a deal next month, Dublin Port Company has signed a licensing agreement with the Office of Public Works to hand over use of a port-owned 13,000m warehouse on a five-acre site at the northeastern part of the port for Brexit-related checks.

The departure of the UK, the State’s closest trading partner, from the EU will lead to a huge increase in the number of UK imports requiring customs, health and safety clearance on their arrival into the port.

Eamonn O’Reilly, the port’s chief executive, confirmed it had licensed the property on Tolka Quay Road to the State, and that the OPW was fitting out the former Crosbie warehouse property and another seven-acre inspection area to be ready for Brexit-related checks after the UK’s departure on March 29th.

For more on this development, click here.

Published in Dublin Port

#Property - A sea view in scenic Greystones is just part of the appeal of Rowan Point at the Wicklow town’s Marina Village development.

The first phase of 58 apartments is now for sale off plans, with views either north to Bray Head, east to the sea or west to the Sugarloaf.

Prices range from €425,000 for first floor units to €950 for penthouses, and unique touches include local stone countertops.

The Irish Times has more on Rowan Point’s first phase HERE.

Published in Waterfront Property

#Property - Galway City Council has granted permission for the construction of new student accommodation on the former Topaz oil site in Galway Docks, as Galway Bay FM reports.

Two blocks of seven and eight storeys each would provide 345 bedrooms as well as space for business start-ups in the plans by Bonham Dock Limited.

However, a number of restrictions have been attached to the project, which constitutes a phase of the masterplan for a ‘New Galway’ between the docks and Ceannt Station rail yards.

Back in September, ambitions plans for floating student accommodation in the city’s cocks were ruled out by the Galway Harbour Company, as previously reported on Afloat.ie.

Published in Galway Harbour
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#Property - New Ross Boat Yard in Co Wexford is now on the market at a price point of €4 million.

With 230 metres of frontage on the River Barrow and easy access to the Nore and Suir (and by extension the South East Coast), the 1.62-hectare property also comes with a sizeable dry dock, one of only three in the Republic that can handle large commercial boats.

Additionally on the site is a 50-tonne marine travel lift and winter storage space or as many as 150 vessels, thanks to signifiant refurbishment over the last decade by its present owner.

With an annual turnover of €840,000, and planning permission in place to adapt the dry dock for year-round service, the boat yard is sure to be an attractive prospect.

CBRE Ireland has more on the property HERE.

Published in Waterfront Property
Tagged under

#Galway - Galway Harbour Company has ruled out any notion of floating student accommodation in the city’s docks.

According to Galway Bay FM, harbour CEO Eamon Bradshaw said lack of space in the inner docks was the reason for rejecting the proposal by a local property management firm in an effort to alleviate the accommodation crisis facing NUI Galway students.

Last month Winters Property said it was in talks to bring to the city two purpose-build apartment barges, with a capacity of more than 400 between them.

The company’s managing director Enda McGuane also said he was discussing the possibility of mooring at the private Mud Dock owned by Capt Sam Field-Corbett, the champion of waterside accommodation behind the Naomh Eanna restoration.

Published in Galway Harbour
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#Galway - A property management firm in Galway believes a solution to the city’s rental crisis for students could be found in the form of large-scale floating accommodation, according to The Irish Times.

Winters Property says it could have two such purpose-built apartment barges, with capacity for more than 400 NUI Galway students between them, in Galway Docks within weeks.

The barges are developed by Liverpool-based Bibby Maritime for use in the oil and gas sector and corporate events, and the company currently has two such vessels available.

But planning permission is another matter, with berthing space at a premium in the city and priority given to commercial traffic.

Winters Property’s managing director Enda McGuane says he is in discussions with Capt Sam Field-Corbett, waterside accommodation advocate behind the Naomh Eanna restoration, about the feasibility of using his privately owned Mud Dock as a mooring location.

The Irish Times has much more on the story HERE.

Published in Galway Harbour
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#CorkHarbour - More than three acres of Cork docklands are coming to market, as the Irish Examiner reports.

The lands comprise a warehouse property between Monahan Road and Centre Park road east of the city centre, in an area already set for transformation between the revamped Páirc Uí Chaoimh and the new Marina Park regeneration project, adjacent to Cork City Marina by the former showgrounds.

Commercial and residential developers alike are expected to express interest in the 3.31-acre site, zoned for mixed use, and with a guide price of €1.2 million per acre.

Interest in this part of the city is growing with the imminent move of the Port of Cork downriver — and city planners are already meeting with potential buyers for the port’s historic buildings on Custom House Quay.

The Irish Examiner has more on the story HERE.

Published in Cork Harbour

#WaterfrontProperty - The Galway Advertiser has details of a detached family home near Barna with views over Galway Bay on the market for €570,000.

The waterfront house sits on a half-acre site and comes with spacious rooms featuring south-facing windows, designed "to allow free flow" through the home.

Also worth noting is the large attic with potential for conversion, ad the planned gardens between the house and its spectacular vista over the bay.

The Galway Advertiser has more on this property HERE.

Published in Waterfront Property
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#Property - A prime seafront site in the South Dublin suburb of Booterstown is on the market for €1 million, as the Irish Independent reports.

Located between the Rock Road and the Dart line and adjacent to the nature reserve, the five-acre site is described by agents Knight Frank as a "unique development opportunity" with "spectacular" views of Dublin Bay.

The lands comprise two areas zoned 'objective Z9' and 'objective F', both of which require preservation of open space and recreational amenity under the respective developments plans of Dublin City and Dun Laoghaire-Rathdown councils.

The Irish Independent has more on the story HERE.

Published in Waterfront Property

#WaterfrontProperty - Aberystwyth Marina and its 150 berths in West Wales are on the market, and the whole lot could be yours for just £2.5 million (€2.9 million), according to Wales Online.

The 23-acre marina, which has planning permission for an extra 40 boat moorings, reportedly has an annual turnover of more than £300,000, and is the first marina in the UK to be available on the open market for more than five years.

Located on the banks of the River Rheidol as it flows into Cardigan Bay, Aberystwyth Marina has the added benefit of being just a day's crossing of the Irish Sea from the East Coast of Ireland and our bustling sailing scene.

But pretenders beware - current owner Merlin Developments is only looking to sell the business to an experienced and proven operator.

Wales Online has much more on the story HERE.

Published in Waterfront Property
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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.

©Afloat 2020