Ireland pledges safety net for offshore wind
Ireland has introduced a government-backed support price for offshore wind power in order to stimulate renewable energy development.The guaranteed price will be Euro 1,403 per megawatt hour, and the move follows a similar plan introduced for onshore wind farm generation.
In a statement, Energy Minister Eamon Ryan said: "Now, investors can be confident when they invest in offshore wind. Without it [a support price] we would not be able to attract any investment into Ireland."
Renewable energy development is vital for Ireland's future economy, as the country currently imports almost 90% of its fossil fuel needs.
"Ireland needs to reduce our fossil fuel import bill and our dependence on imported energy sources," Ryan continued.
"Renewable electricity is a critical cornerstone."
Separately, Irish Labour politician Liz McManus has criticised Ryan for not doing enough when setting renewable energy targets.
She pointed out that a recent study showed that he could have gone for a 42% by 2020 target instead of the 33% target he actually set.
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