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Irish Marine 'worth €9bn by 2030'

20 February 2015
Ireland’s marine renewables sector could be worth as much as €9bn by 2030 and support thousands of jobs, according to energy minister Alex White. The comment came as he confirmed his department’s support for research and development in the industry will increase by almost €17m between 2013 and 2016 to more than €26m. Speaking at the ‘topping out’ ceremony at the UCC Beaufort Building in Ringaskiddy, County Cork, which will be the hub of Marine Renewable Energy Ireland (MaREI), White (pictured) said: “Our sea represents one of the best offshore renewable energy resources in the world. “Over time, the introduction of ocean energy into Ireland’s renewables portfolio will result in an indigenous ocean sector with significant economic and employment benefits. You and your industry will be central to making these potential benefits a reality.” With up to 135 researchers, the Beaufort laboratory will house the world’s largest group of marine renewable energy researchers. Sean Sherlock announced €19m in funding for MaREI in 2013 when he was minister for research and innovation. This was matched by €10.5m in industry funding
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