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Displaying items by tag: Irish Exporters Association

#Ports&Shipping - Irish exporters reports RTE, have called for an urgent intensification of no-deal contingency planning by the government and the EU in the face of heightened uncertainty around Brexit.

The Irish Exporters Association (IEA) has warned that the risk of a disorderly exit by Britain from the EU has increased following the delayed vote on the EU-UK Withdrawal Agreement and today’s no-confidence vote on Theresa May’s leadership.

According to Simon McKeever, chief executive of the IEA, the potential economic impacts of the UK crashing out of the EU next year will be "immediate, extensive and far-reaching for Irish businesses."

For more on the story click here. 

Published in Ports & Shipping

#Ports&Shipping - Exporters from Ireland writes the Independent.ie are pumping more of their products into the UK despite Brexit, a survey shows.

Around the time of UK's EU referendum in June 2016, just under a third of exporters said they sold a quarter of their produce into the UK market.

That's now risen to 44pc of exporters. And 41pc say they plan to increase UK sales further in the next six months, according to the latest assessment from the Irish Exporters Association (IEA).

In the wake of the UK referendum in June 2016, the IEA surveyed its members views on Brexit's impact.

In January, it repeated the study and has now compared the results.

"What our analysis shows is the resilience of the Irish export industry," Simon McKeever, Irish Exporters Association chief executive, said.

About 93pc of IEA members do business with the UK; for most that accounts for less than a quarter of their sales, although the UK is becoming increasingly important since the initial survey.

Four out of 10 exporter say they plan to increase UK sales over the next six months, just 3pc say they'll reduce them, and 57pc say they'll maintain current levels.

For further reading on the survey click here.

Published in Ports & Shipping

#ExportersBrexit - Exporters from Ireland that go through Britain to get their produce to mainland Europe or further afield should still be able to do so after Brexit, the Revenue Commissioners expect, writes The Independent.ie

Michael Colgan, head of Revenue's Brexit Unit, said it is the body's "working assumption" that the UK land bridge for firms would still be available.

Two-thirds of exporters go through Britain, and expectations of continued use of the land bridge will come as a huge relief.

Currently, the common transit procedure of the EU is used for the movement of goods between the 28 EU member states, the EFTA countries, Turkey, the former Yugoslav Republic of Macedonia and Serbia.

The rules are effectively identical to those of the Union transit.

According to the European Commission, these are used for customs transit operations between member states and are applicable to the movement of non-Union goods for which customs duties and other charges at import are at stake, and of Union goods, which, between their point of departure and point of destination in the EU, have to pass through the territory of a third country.

To read more click the link here.

Published in Dublin Port

#ports&shipping -A majority of Irish exporters, more than 9 out of 10 trading with the UK writes The Irish Examiner need some sort of help in next months budget to cushion the effects of Brexit, according to the Irish Exporters’ Association.

Calling for “strategic” investments in infrastructure, its survey said exporters based in rural areas complained that poor quality broadband and roads were hampering their efforts to do business.

Capital investments would help both Irish-owned firms and boost levels of foreign direct investment (FDI), said the association, which also wants the Government to provide compensation for firms struggling to deal with the slump in the value of sterling since Britain voted last year to leave the EU.

FDI levels would likely also be hit by housing shortages and skills shortages, according to the survey.

For more the newspaper has a report here.

Published in Ports & Shipping

#ExportBrexit - Two thirds of Irish exporters go through Britain a survey suggests writes The Independent to get their produce to customers on mainland Europe and further afield.

And 40pc said that using a longer, yet more direct, route would adversely affect the quality of the product.

But 30pc of exporters quizzed for the survey by the Irish Exporters Association (IEA) have taken no action to assess the fallout from the Brexit vote, even though 70pc said a weakening sterling had impacted their business.

Marie Armstrong, IEA vice-president, said the number of exporters relying on the UK as a land bridge to the continent was "hugely significant".

"And those members are very concerned about continuing to use the UK in terms of customs, and being stopped at borders," Ms Armstrong told TDs yesterday.

For more on the survey's findings click here. 

Published in Ports & Shipping

#IrishEXports - A total €9.5bn worth of goods were exported to the United Kingdom in the first eight months of this year, according to the Central Statistics Office (CSO).

As reported on Newstalk, this represented a €300m drop from the €9.8bn it exported to Great Britain and Northern Ireland in the same period in 2015. This suggests that the Brexit vote and weakening sterling are starting to have an impact.

The new CSO data also shows we were importing less from the UK, down to €10.59bn for the first eight months of the year compared to the €11.53bn spend for the same period in 2015.

Ireland is the UK’s fifth largest trading partner. However, the value of Ireland's seasonally-adjusted goods exports fell by 11.5% following the UK's decision to leave the EU.

The price of the sterling also continues to drop, as Irish exporters face an uncertain future due to Brexit.

For more statistics click here

Published in Ports & Shipping

#IEAonBrexit - Irish Exporters Association members in which an overwhelming 92% of them believe the decision by the UK to leave the European Union will have a harmful effect on their business.

UTV News says the IEA published the results of their recent survey of members on Thursday.

They say that even though the UK has yet to leave the EU, they are still being impacted by the weakening of Sterling, which has fallen against the Euro by 19% since mid-November and by 9% since the vote.

Overall, 92% of members said they think the vote will have a harmful impact on Irish exporters. For more, click here

Published in Ports & Shipping

#ExportersBrexit - Bad news for Irish exporters into the UK as these imports will decline as foreign products become more expensive thanks to the weakening of sterling, ratings agency Fitch has warned.

The Irish Independent writes that a weaker sterling harms the competitiveness of Irish exporters because it cuts margins and makes it more expensive for them to do business in the UK. But it benefits UK domestic businesses.

The pound has weakened considerably since late last year. At the end of November, €1 bought 69 pence. At the close of polls on Thursday, that had weakened to 76 pence, but when the Brexit vote became apparent, it weakened further and is now hovering around the 83 pence mark.

Fitch said the fall in sterling will boost UK exports, but have a negative impact on imports.

"Imports look likely to decline as investment contracts and foreign products become more expensive, resulting in expenditure switching to domestically produced goods and services and higher inflation," the ratings agency has said.

The Irish Exporters Association and other business representative groups has already warned about the impact of currency fluctuations on Irish business.
Simon McKeever, the IEA chief executive, warned further weakening is likely.

And the organisation has called on firms to hedge against this and to talk to the banks.

For much more on this story click here.

Published in Ports & Shipping

#FERRY AWARD – At the annual Irish Exporters Association's Export Industry Awards, among the categories was for the Short Sea Shipping Company of the Year 2012, which was awarded to Stena Line in Rosslare, Co. Wexford.

The award, sponsored by the Irish Maritime Development Office (IMDO), recognises the strategically important role of short sea shipping to our island economy. The other nominees were: Eucon Shipping and Transport Ltd., Dublin and Samskip Multimodal Container Logistics, Dublin.

Published in Ferry

#PORTS & SHIPPING – Nominations are been sought for the Irish Exporters Awards 2012, which is to be held in November and hosted by Irish Exporters Association (IEA).

The role of the export sector has never been more important, and among the 13 award categories the IEA is being supported by the Irish Maritime Development Office (IMDO) in the search for the Short Sea Shipping Company of the Year 2012, a key category in the National Export Industry Awards.

The competition is to recognize the outstanding achievement in the delivery of maritime services to and from Ireland, while highlighting the strategically significant role it plays to our island economy. At the gala awards ceremony on 23rd November, which will culminate when the Taoiseach will present the category winner, and the overall Exporter of the Year.

Applications are available from: www.irishexporters.ie/action/ExportAwardsOnlineApplication

Published in Ports & Shipping
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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.

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