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EUROPE’S ENERGY EXPORTER
• Neart na Mara
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source EWEA
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Our Offshore Wind Resources
• Over 1000 TWh pa for ‘near shore’ offshore wind
• This is 30 times Irish electricity consumption
• Estimates based on Govt and EU reports
• Increase when “deep offshore” included
• Floating turbines add to the estimates
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Low Cost Producer
• Ireland has comparative advantage in wind
• High wind speeds and good availability
• Give us the highest capacity factor in EU, and • Make Ireland the lowest cost producer in
EU
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The “Near” Market
• Consists of the UK plus:• Germany• France• Benelux• Northern Italy
• All within radius of 2,000 km of Ireland
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Distance to Market
• Distance to market not a technical problem
• Due to High Voltage Direct Current technology
• HVDC can transmit with minimal power losses
• Over long distances
• That means Ireland can export competitively
• Into the heart of the “Near” Market
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HVDC technology
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Supergrid
• EU planning a Supergrid
• It will join national electricity markets
• And exploit offshore wind in Northern Seas
• Plus solar power in Mediterranean basin
• Ireland working on Celtic Grid for Irish Sea
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The Supergrid
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EU Developments
• Denmark has at times exceeded 100% green electricity
• World leader in offshore wind
• UK plans 33 GW of Offshore Wind by 2020
• Including 2 GW in Irish Sea
• Germany plans 6 GW in North Sea
• Offshore wind is currently deployable at scale
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Location
• “Near shore” mainly located in Irish Sea
• Good wind speeds and availability
• Arklow Banks experience most encouraging
• Biggest resource in Atlantic - some “near shore”
• But most outside current technology range
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Deep Offshore
• Atlantic wind speeds and availability are high
• New technology needed to exploit
• Such as floating turbines
• Likely to come on stream circa 2025
• Will increase our resources by a multiple
Hywind concept
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Timing
• Phase One will take ten years up to 2020
• Installing the first 2 GW
• Phase Two will take fifteen years up to 2035
• Focussed on building 1 GW pa – 15 GW in total
• Phase Three starts around 2035 at 2 GW pa
• Target of about 50 GW in total by 2050
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2 GW Exports: Basic Stats
• Electricity generated pa 6 TWh
• Annual Revenue €1.0 bn
• Project Revenue (20 yrs) €20 bn
• Permanent Jobs (O&M) 600
• Construction jobs 6,000
• Supply Chain 5,000
• Total jobs 11,600
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The 2050 Vision for Ireland
• 50 GW offshore installed capacity
• Electricity exported 155 TWh/yr
• “Near” Market Share 2-3%
• Share of total EU market 1.5-2%
• Annual export earnings €10-20 bn
• Total permanent jobs 300,000
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Ambition
• Become one of Europe’s largest energy exporters
• By exploiting the potential of the sea
• Offshore wind, wave and tidal
• And using the latest technology to sell power into
• A Single European Electricity Market
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North Sea Countries Offshore Grid Initiative. Dec 2009
• Ireland, UK, Germany, France, Belgium, Netherlands, Luxembourg, Denmark, Sweden, Norway
• Multilateral collaboration• Common Vision• Co-ordinating offshore infrastructure• Memorandum of understanding end 2010 • Strategic Energy Technology Plan March 2008
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British Irish Council
• Meeting 22nd March 2010
• Exchange info on grid research and development
• Approaches to regulation and planning consenting
• Influence EU policy and funding