EIB, Dublin partner up for port drive
- Admin
- Sep 13, 2024
- 2 min read
The European Investment Bank (EIB) and the Irish Department of Transport have announced an advisory cooperation to assess capacity, demand and financing strategies required for the development of ORE (Offshore Renewable Energy) port infrastructure to support offshore wind projects in Irish waters. The agreement aims to evaluate the scale and nature of investment needed to upgrade port infrastructure in order to unlock the estimated €30bn in investment in offshore renewables projects. Large-scale cost-effective investment is essential to rapidly develop specialist ORE facilities, unlock social and economic development for hinterland energy hubs and harness offshore wind energy.
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