Shannon Foynes Port Company has signed a Memorandum of Understanding (MOU) with Norwegian Offshore Wind to provide a framework for collaboration on future projects.

Norwegian Offshore Wind is a cluster of 350 companies that cover the entire supply chain for offshore wind projects. Norway has been seen as a leader in such projects with 30GW of capacity expected by 2040.

Shannon Foynes is aiming to take advantage of the significant number of offshore wind projects expected to be developed around the Irish coast in the coming decades.

The agreement signed this week includes running shared events, sharing opportunities to do business and joint research projects.

For further reading, the Irish Examiner reports on the port company's signing.