Energy

Analysis: Ireland is dangerously exposed to the global crisis blowing through the wind energy sector

Lorcan Allen, our business editor, on a crisis point for the great hope of renewable power across the globe

If offshore wind is not delivered in Ireland, the country will fall short of hitting its climate targets

The last decade has seen the cost of offshore wind delivery plummet to the point where it had finally become economically viable and could compete with other energy sources.

Yet the surge in inflation over the last two years has reversed this trend and delivery costs are now on the rise again.

This leaves planned projects all over the world totally unviable.