Displaying items by tag: Investors Port Upgrade

28th May 2015

Investors Sought to Upgrade Rosslare Europort

#RosslarePort - The Wexford People writes that up to €40 million is sought from investors to commit in a major upgrade of Rosslare Europort that will equip it to handle the ships of the future.

Iarnród Éireann, the Port Authority for Rosslare Europort, announced to port staff last week that it is to undertake an assessment of market interest in a concession with a third party to operate the Port.

The assessment follows a study by Indecon Consultants for the Department of Transport, Tourism & Sport which examined strategic options for the future of the Europort, to maximise its potential and address future investment requirements.

The report recommended that the Europort remain in the ownership of Iarnród Éireann, but with a long term concession with a third party.

Iarnród Éireann briefed all 73 employees at the port and will now commence the process of consulting with the market to assess interest and evaluate opportunities from a concession structure, which would be commonplace in ports in the EU and beyond.

Rosslare Europort is Ireland's second busiest in terms of ship visits and unitised freight, and is designated as one of only five ports of national significance in the National Ports Policy.

The Port has recorded growth of four per cent in freight units in 2015 to date, on top of a two per cent growth in 2014.

For more on this story, click here.

Published in Rosslare Europort

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Offshore wind

ESB know the importance of offshore wind in tackling climate change and delivering net zero. Ireland has a unique capability given its prime location to take advantage of the potential of offshore wind. ESB are working hard to develop offshore wind projects for the benefit of everyone across society in Ireland and the UK. This includes ongoing engagement with marine users and local communities so ESB can deliver these significant projects.

Offshore wind will play a major role globally in our fight against climate change. It will help to replace energy generated by burning fossil fuels with that from a clean, safe and secure renewable energy source. Ireland’s geographic location on the exposed edge of the Atlantic presents us with a significant opportunity to generate electricity from wind – both offshore and onshore.

Power from onshore wind farms currently provide over one-third of Ireland’s electricity needs. But, whilst its marine area is many times the size of its landmass, Ireland’s offshore wind potential is only starting to be realised. ESB have a coastline stretching over 3,000km but only one operational offshore wind farm – Arklow Bank, with a capacity of 25 MW. In contrast, Belgium’s coastline is only 63km long, but it has already developed more than 2,000 MW of offshore wind. In Great Britain, with a coastline four times the length of ours, offshore wind generation now equates to over 440 Arklow Banks, with an installed capacity of 11,0000 MW as of late 2021.

The Irish Government's target to install 5,000 MW of offshore wind capacity in our maritime area by 2030 is set out in the Climate Action Plan 2021. It also has the objective to source 80% of Ireland’s electricity needs from renewables by the same year. In line with this, ESB is applying its professional and proven engineering expertise to the challenges set within the Climate Action Plan.

ESB are committed to playing a strong role in developing Ireland’s offshore wind potential for the benefit of the people of Ireland. This will be done in consultation with marine users and local communities, and with due care for the marine environment.