ESB and the Port of Cork Company have signed a memorandum of understanding to support the development of Ireland’s renewable energy sector.
The collaboration will enable both parties to use and share their expertise to progress plans for Ireland’s offshore wind and green hydrogen development.
ESB’s sustainability strategy, called ‘Driven to Make a Difference: Net Zero by 2040’, is in collaboration with key partners such as the Port of Cork, and will play a crucial role as the company progresses its development of renewable energy in Ireland.
The Port of Cork Company (PoCC) “shares the same ambition to work with its partners to realise Cork Harbour's potential as a renewable energy hub, as outlined in its regional development strategy, Port Masterplan 2050,” said a spokesperson.
“The Port of Cork can be a key enabler of the green energy sector in Ireland by taking advantage of its natural harbour, deep-water channels, deep-water berths, and by reclaiming land to accommodate large project cargoes for the offshore wind and green hydrogen sectors.
“The Port Masterplan 2050 outlines the Port’s ambitious plans to develop the necessary port infrastructure to support the offshore renewable energy and green hydrogen sectors,” added the spokesperson.
The partnership also supports the Government’s Climate Action Plan and its ambition to increase the proportion of renewable electricity up to 80 per cent by 2030 and a target of at least 5GW of offshore wind energy by 2030.
Ireland's offshore wind energy potential is significant, with a maritime area more than seven times the size of its landmass, ideal wind conditions, and strategic location on the Atlantic Ocean's edge.
Ciaran McManus, Asset Development Manager at ESB, said, “we are delighted to partner with the Port of Cork Company as we explore the real opportunities and benefits that offshore wind energy and hydrogen will provide. This collaboration is important for both organisations as we strive to achieve net-zero emissions and develop the infrastructure that is required for producing, storing and distributing clean energy.”
The memorandum of understanding was announced ahead of Wind Energy Ireland's Annual Conference, which begins on Tuesday, February 14.
Conor Mowlds, Chief Commercial Officer of the Port of Cork Company added, “we are excited to be working with ESB on this very important initiative. We see significant opportunities for Cork Harbour to become a hub for renewable energy, which will benefit the environment, local businesses and create employment in the region.”