Published by Global Banking & Finance Review®
Posted on April 10, 2025
2 min readLast updated: January 24, 2026
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Ireland plans more offshore wind auctions despite challenges, aiming for 80% renewable electricity by 2030.
COPENHAGEN (Reuters) -Ireland will go ahead with at least three more offshore wind auctions by the end of this decade, its marine minister told Reuters on Thursday, adding that it was unlikely the country would meet its target of 80% of electricity generation from renewable sources by 2030.
The commitment to offshore wind comes despite a vicious cycle of inflationary pressure, higher interest rates and bottlenecks in the supply chain which have caused auctions to fail and cancellations and postponements of projects around the globe.
"There'll be probably three more auctions, maybe more (towards 2030)," Timmy Dooley, a junior minister at the Department of the Environment, Climate and Communications said on the sidelines of a wind conference in Copenhagen.
They would come in addition to Ireland's second offshore wind auction which is scheduled later this year, aiming to procure 900 MW of capacity.
"We don't see any pathway back to fossil fuels ... We are absolutely committed to offshore wind as the energy source of the future," Dooley said.
A government spokesperson said that they expected to get ten bids in the upcoming auction.
While Ireland will move ahead with its target of reaching a combined 5 gigawatts (GW) of offshore wind by 2030, 20 GW by 2040 and 37 GW by 2050, Dooley said it would be challenging to meet the target of 80% renewable electricity generation by 2030.
"(But) it will be close ... We hope to be a long way there by 2030," Dooley said.
Ireland's recently re-elected coalition government reaffirmed its pledge to achieving 80% of Ireland's electricity generation from renewable sources by 2030 in its policy programme published in January.
The government is working to remove obstacles to development, with marine area planning reforms and port infrastructure investments underway, Dooley said.
The country generates around 40-45% of its electricity from renewable sources, primarily from over 5 GW of installed onshore wind capacity, grid operator EirGrid data showed.
Ireland has just 25 MW of offshore capacity as of today.
(Reporting by Stine Jacobsen, editing by Ed Osmond)
The article discusses Ireland's commitment to holding more offshore wind auctions despite industry challenges.
Challenges include inflationary pressures, higher interest rates, and supply chain bottlenecks.
Ireland aims to achieve 80% of electricity generation from renewable sources by 2030.
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