4. Ireland has huge Offshore Wind Resources With more renewable energy generating capacity than required Strongest potential Very high potential High/medium potential Medium/low potential Simplified map based on Risø National Laboratory, Denmark, 1989
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14. Licensing and Grid Connection: UK versus Ireland 2010 2014 2020 Q1 ‘09 Q4 ‘08 Q4 ‘09 Q2 ‘08 25 GW installed Construction Consents & contracts ~7000 turbines Round 3 Awards Bid Submission OFTO Grid Strategy Crown Estate Round 3 Commences Offshore UK Offshore Ireland Gate 3 announced SEA commissioned SEA Complete 2011 ???? installed
15. Government support Mechanisms are an important factor for Potential Investment Support system Total revenue Level of support Duration of support (years) Market electricity price estimate (€/MWh) Grid connection paid by (€/MWh) (€/MWh) Belgium Hybrid green certificates 150 107 20 35-50 Both (variable) Germany Feed-in-Tariff 150 150 12+8 1 Not relevant Government Netherlands Likely: Tender plus premium payment Unknown Unknown Unknown, likely 15 35-50 Developer UK Green Certificates 123 -150 83 Asset lifetime 30-50 Developer (variable) Index linked (variable) Ireland Feed-in-Tariff, tax incentive 150 140 up to 2025 Not relevant Developer 1 In Germany, offshore wind producers receive a high FiT for the first 12 years, and after that a lower tariff, depending on project circumstances (water depth and distance to shore) 2 This level is valid for the normal support level of 1.5 ROC/MWh. For those projects that will receive 2 ROCs per MWh under the UK Governments economic stimulus measures, the level of support will be higher, at around 100 EUR/MWh, and total revenue will in that case end up around 150 EUR/MWh.
Thank you for the opportunity to address you, I look forward to briefing you on the one resource which Ireland has the opportunity to most quickly capitalise on in the area of renewables, mainly wind, specifically offshore. Could it be the next pharmaceutical / technology sector to sustain the Celtic Tiger. Oriel Windfarm Ltd. is a privately owned Irish sustainable and renewable energy company, established to develop wind farms in Ireland. The company’s first project is the development of an offshore wind farm in the north-west Irish Sea. This presentation will be a brief look at the development of this wind farm project as a case study on the offshore wind industry in Ireland. This picture is a computer generated photomontage showing what the Oriel Windfarm will look like when viewed from the Irish Sea looking West toward the Coast.
Preliminary feasibility 2001 Lease application feb 2007 Grid offer Q1 2011 Construction 12/14 Operation 2015