Overview & Benefits
Floating Wind Potential
Offshore wind has become a favoured form of renewable energy generation. It is expected to produce 7% – 11% of the EU’s electricity demand by 2030 and has the potential to provide 80% to 180% at a competitive cost of EUR65/MWh or below.
Up to 45% of this energy is identified as coming from floating wind. Therefore to capitalise on Europe’s full offshore wind potential, floating as well as fixed foundation solutions will be required. The technically achievable electricity production from wave energy in Ireland is approximately equal to present consumption which stands at around 26TWh per annum.