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Tag Archives: off-shore windfarm

New investor sought after “devastating” blow To Moneypoint plan

THE ESB and the government are being urged to seek another investment partner for the proposed €2 billion windfarm off the Clare coast following the “devastating” withdrawal of Norwegian firm Equinor. Clare Dáil Deputies Cathal Crowe and Violet-Anne Wynne have expressed different views on the impact of this setback for a major element of Moneypoint’s €5 billion Green Atlantic initiative. Deputy Wynne believes the future of the offshore windfarm project is called into question. “Are other foreign investment partners going to be similarly off put by Ireland’s excessive bureaucracy in terms of planning and regulation?,” she asked. While Deputy Crowe accepts it is very disappointing that Equinor have withdrawn from their partnership with the ESB to develop the offshore Green Atlantic windfarm, he thinks the project can still very much proceed. Deputy Crowe is calling on the ESB and the government to immediately put their heads together and find a replacement partner. Equinor has pulled out of the Irish market, …

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