Industry Information

Industry Information

EU Fund Renewable Energy Infrastructure Project

The EU has agreed on three ambitious pan-European alternative energy research infrastructure projects that will cost €1.2 billion as part of the roadmap of the European Strategy Forum on Research Infrastructures (ESFRI).

The new energy infrastructure projects will also see further investments within a 20 year time frame. The projects include funding to include a wind research facility in Denmark, a concentrated solar power installation in Spain, a nuclear reactor in Belgium and North Sea supergrid initiatives.

The North Sea project aims to develop transnational grid infrastructure in the North and North West Seas and to facilitate delivery of large-scale offshore wind projects to vastly increase the amount of renewable electricity generated from North Seas wind and waves. The North Seas Countries Offshore Grid Initiative will partner several European countries including Denmark, France, UK, Ireland, Germany, Norway, Sweden, Belgium, the Netherlands and Luxembourg.

Minister Ryan commented on the memorandum of understanding saying “This is the best policy decision taken in the EU since the 20-20-20 renewable energy and energy efficiency targets.

“Ireland has been driving this agenda since the beginning. We have the best wind and wave resources in Europe, and political will to match.

“This infrastructural project is set to be one of the biggest transnational power structures worldwide. It will ultimately connect offshore wind farms in Northern Europe allowing countries with surplus energy, to export to those with higher demand.”

European Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn, said, ‘Developing world-class research infrastructure in Europe, by pooling resources at EU level, is an important objective of the Innovation Union.

‘These facilities will enable ground-breaking research and innovation and ultimately they could help to secure the EU’s future energy supply. We need to bring research, technology, industry and market implementation closer together and that is the purpose of the European SET Plan.

By Harry Tasker