Energy

Ireland on track to miss €250bn offshore wind investment, energy leaders warn

Senior executives of two offshore wind firms have warned investors will walk away from the Irish market due to the slow pace of policy implementation

The chief executives of two leading floating offshore wind companies have warned the country risked missing out on a ‘once in a century’ economic opportunity.

International investors ready to deploy €250 billion in offshore wind projects will “simply walk away” from Ireland following the government’s “ill-conceived” changes to its offshore energy policy, senior industry figures have warned.

The chief executives of two leading floating offshore wind companies in Ireland have sharply criticised a policy U-turn by the Department of Energy last year, and warned the country risked missing out on a “once in a century” economic opportunity.

Kevin Lynch, chief ...