Displaying items by tag: Economic Taskforce

14th December 2022

Shannon Foynes Port Welcomes Government's Vision for Estuary's Potential in Offshore Renewable Energy and National Transport Hub

The Shannon Foynes Port Company has welcomed the backing by the government of the Shannon Estuary as a premier location for offshore renewable energy in addition as a transport hub for Ireland.

Tanaiste Leo Varadkar on Monday published the interim report of the Shannon Estuary Economic Taskforce has identified how the region can play a leading role in the transition to renewable energy by generating and accelerating the increase of floating offshore wind energy from 2030. As well as becoming a hub for Sustainable Transport Technologies and a western “Digital Gateway” to Europe.

The report identifies investment in the port of Foynes and ESB’s Moneypoint terminal, a new auction for floating wind generation in 2024, the development of clean energy such as green hydrogen, solar energy installations and anerobic digestion facilities. In addition to the Estuary becoming an international renewable energy hub, the report also identifies the potential doubling of tourism numbers through outdoor sports and adventure, business and leisure events, and cruise ship arrivals.

Commenting on the report and government backing of it, Shannon Foynes Port authority Chief Executive Pat Keating: “This is an emphatic and welcome vote of confidence from Government in the transformational potential of the estuary and a key moment in the journey towards the emergence here of a global renewable energy hub and national transport hub.

“We have been making the case here at Shannon Foynes Port for some time in relation to the potential of the estuary but, as per its welcome today for the Interim Report of the Shannon Estuary Economic Taskforce, the government is unambiguous in its support around the vision for the Estuary.”

Mr Keating added: “In our recently updated Vision 2041 masterplan by global experts Bechtel, we set out a roadmap for the estuary as a renewable energy hub of international scale as we set about harnessing Europe’s best wind regime, which exists on the west coast. That’s the prize for this region and for Ireland, one that can transform our economy and our climate change journey.

“We have a lot of work to do to make it happen, not least through investment in road, rail and port infrastructure. However, the backing today from government is a huge and essential statement of intent that we very much welcome.”

Published in Shannon Estuary

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.