hopefully not just Hot Air!
Big wind is afoot. No - not a storm. Irish energy Minister Eamonn Ryan has just announced a kick off of some big plans for massive offshore wind farms. Hold up there - plans - just plans at this stage.
The idea is to construct, over the coming years, off-shore wind capacity some ten times the national energy requirements, and then to sell the nine tenths surplus power to Europe via an interconnect.
First, Ireland will have to do a fair bit of convincing in the EU, and further will have to do some major spinning of the story to convince the lenders to make the necessary funds available.
Playing with Figures
The start up budget for the off-shore winds farm project is only a drop in the ocean compared to the current national deficit, at a piddling €3billion. Eventually, however, the project budget could reach a figure close enough to the National Debt at around €15billion.
A few Minor Obstacles
Apart from securing the money and subsidies, there are a few small details to consider like:
(a) an off shore grid system,
(b) an interconnect with England, and
(c) European and British contracts to buy the intermittent and erratic wind power we might thereby generate.
Minister Ryan seemed very positive about it all and is quoted as saying “This is very real, this is very much happening today. This is very much at the centre of Government thinking”.
"This is very much" good luck with the plans Minister.