With four offshore wind farms securing State-backed electricity contracts in Ireland’s first-ever auction open to this technology this month, there is finally a portfolio of bankable projects to launch the offshore industry in this country. The successful bidders in this initial phase total 3GW of capacity, equivalent to two-thirds of the Republic’s existing onshore wind fleet. They represent an investment of at least €5 billion, which begs the question: How are developers going to fund them and future phases intended to grow Ireland’s offshore capacity to 37GW by 2050? And, as none of these projects has yet secured planning permission,…

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