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Displaying items by tag: Source Galileo

Rosslare Europort and Souce Galileo have signed a Memorandum of Understanding (MOU) with the aim of achieving the common goal of developing the port as a key facilitator in the delivery of large-scale offshore wind farm projects in Irish coastal waters.

A redevelopment plan for Rosslare Europort to facilitate offshore wind farm construction, and associated operations and maintenance, is currently being progressed by Iarnród Éireann.

The State company wants to establish the port and its hinterland as an offshore renewable energy (ORE) hub, with the potential to create up to 2,000 jobs.

Source Galileo is developing 10GW of offshore wind projects off the coasts of Europe. In March the company secured funding from the Norwegian government to part-finance the development of its Goliat offshore wind project close to the Arctic Sea.

The Source Galileo MOU with Iarnród Éireann is non-exclusive.

Kevin Lynch, chief executive of Source Galileo, said: “Source Galileo is developing a portfolio of projects that will generate substantial clean renewable energy direct to homes and business across Ireland. We look forward to working with Iarnród Éireann.”

Rosslare Europort director Glenn Carr said: “We believe there are strong synergies to be achieved as we work together to place this renewable energy industry at the heart of Ireland’s decarbonised future.”

Late last year, Rosslare Europort formally applied for Marine Area Consent for its ORE hub plans, as previously reported on Afloat.ie.

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.”