Clare T.D. and Chairman of the Oireachtas Committee on Foreign Affairs and
Trade Pat Breen has welcomed the news that €23 million in funding has been awarded by the European Commission under the EU New Entrant Reserve (NER300) funding mechanism for the development of Ireland’s first wave energy project which is currently being developed at a site in Killard, Doonbeg in West Clare.
The ESB’s West Wave project is the only Irish proposal to receive funding under the Commissions NER 300 Programme which use revenue from 300 million emission allowances sold in the EU Emissions Tracking System to allocate it funding.
“This announcement is a huge boost for West Clare”, Deputy Breen said today. “The West Wave project aims to start generating wave energy in 2018. Their initial generating capacity will be equivalent to the amount consumed by homes in the towns of Kilrush and Kilkee. The site is currently being developed at Killard near Doonbeg and it involves the procuring of technology designs
to deploy the pioneering wave energy generators and I understand that construction is due to start in 2016.
We have greater potential than many other countries in terms of developing renewable energy resources because we have ten times as much ocean space as land and West Clare is well placed to capitalise on the opportunities that this presents. This investment is a huge vote of confidence in the ESB’s project in West Clare and will make a huge contribution to the development of Ocean Energy and drive job creation in this area.
Projects such as the West Wave project will play a significant contribution in reducing our dependence on fossil fuel imports and I congratulate the ESB for developing this innovative project.”