Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Ireland's offshore wind industry-2
Economy

Ireland’s offshore wind industry to increase capacity by 2050

25.05.2024
2 min read

The challenges facing Ireland’s offshore wind industry

Ireland’s offshore wind energy sector is a promising and fast-growing area. Wind Energy Ireland has published its analysis of the sector. It found that capacity expansion could generate up to €38 billion for the local economy. The Irish government is keen to increase the share of wind energy. It plans to build new facilities with a total capacity of 37 GW by 2050.

Challenges for local industry

Such ambitious targets require serious efforts. One of the main problems is the lack of skilled workers. Experts say that workers with a wide range of wind energy skills will be needed to build such facilities. These include specialists in capacity planning, maintenance and operation. The minimal presence of the oil and gas industry in the country adds to these challenges. There is no large-scale mining in Ireland, so there is no need for such expertise. A developed oil and gas industry with offshore facilities could provide the wind industry with the necessary resources. However, in the current climate, the country is experiencing a severe shortage of workers with the following skills:
– electrical engineering;
– geotechnical engineering;
– mechanical engineering;
– offshore development management;
– environmental management.
In addition to specific positions, the Irish wind industry needs welders, electrical engineers and health and safety specialists. At the same time, they all need to be able to work on offshore sites.
These challenges make it difficult to meet these targets. In addition, other issues arise in the decarbonisation process. Almost all countries transforming their electricity systems face them.Ireland's offshore wind industry

Ways to address labour shortages

Despite the challenges, experts believe Ireland has excellent potential for offshore wind development. Statkraft’s Kevin O’Donovan noted that the country is showing positive results in the renewable energy sector. The share of green energy in total electricity generation is more than 35%. Such successes demonstrate that the government is taking decisive action to reduce dependence on fossil fuels.
It is worth noting that Ireland is not alone in facing a skills shortage in the renewable energy sector. Virtually all European countries are transforming their energy systems and employing specialists. At the same time, universities are not producing enough students to work in the renewable energy sector.
Several experts have taken the initiative to set up a skills fund with the support of the Irish government. It would provide training courses to retrain workers. This will make up for the shortage of skilled workers and allow the construction of new wind turbines to begin. Initially, the fund will train designers, welders and engineers. There is also the possibility of acquiring the necessary skills outside Ireland, for example, in the UK.

Tags: Economy
0
Previous Post Sam Zell: a successful investor in the US real estate market Next Post Emerging market bonds offer good returns

You Might Also Like

investment in Latvia declines
Economy
Investment in Latvia showed a decline in 2022
11.08.2023
Chinese economic development
Economy
Chinese economic development: forecast for 10 years
17.05.2021
Germany_Berlin
Economy
How Russian-German cooperation on energy issues is carried out
29.09.2021
US economy
Economy
Why the US economy is the strongest in the world: an analysis
05.02.2025
pound has fallen
Economy
Why the pound has fallen in the UK: the consequences of the Brexit procedure
10.08.2020
renewable energy sources
Economy
In Europe, the share of renewables in electricity generation is growing
17.12.2022

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics