Displaying items by tag: Cork Harbour: 2025

9th February 2021

Cork Harbour Where Wind Energy Can be As big as Pharma, Report Claims

Cork Harbour can build on the maritime and energy infrastructure and capability that already exists, thereby positioning (the natural harbour) as the de facto floating offshore wind hub in the Celtic Sea, its authors claimed

Cork Harbour could see wind energy that would be as transformative as the biopharmaceutical industry, placing the region among the vanguard of Europe's transition to sustainable economies.

That is one of the conclusions of a major new report by a range of organisations and companies around Cork, who called for key policy changes within government, lest the region miss out on its potential as an "unparalleled hub for floating offshore wind energy in the Celtic Sea from 2025".

Firms such as Green Rebel Marine, Mainport, Doyle Shipping Group (DSG), Simply Blue Energy, DP Energy and the Port of Cork joined with Cork Chamber of Commerce and Cobh and Harbour Chamber to produce the Cork Harbour 2025: Ready to Float report.

"Offshore wind is leading the transformation of the global energy system, with a staggering growth rate of 19% — faster than any other industry," the report said.

"Cork Harbour is in the process of being transformed into an offshore renewables hub by the private sector, with circa €200m of investments and plans already underway," it said.

Cork can build on the maritime and energy infrastructure and capability that already exists, thereby positioning Cork Harbour as the de facto floating offshore wind hub in the Celtic Sea, its authors claimed.

Further reading from the Irish Examiner here

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.