KBRA Releases Research – Offshore Wind: Opportunities and Challenges to Irish Development
DUBLIN–(BUSINESS WIRE)–#creditratingagency–KBRA releases a report examining the opportunities and challenges facing Ireland’s renewable energy market, as well as how the country’s ambitious renewable energy targets could transform into a realistic proposition over the coming years. Offshore wind energy has been a prominent feature of the Danish, UK, and other European markets for several years, and now presents an emerging opportunity to transform Ireland’s energy markets. However, significant obstacles lie ahead, including political, regulatory, and commercial challenges.
Key Takeaways
- Ireland has outlined ambitious plans to deliver 20GW of offshore wind power by 2040, more than triple the current nameplate capacity.
- These plans come with regulatory, commercial, technological, and other challenges. Specifically, construction risk, development cost risk, permit-related matters, ensuring a robust auction process, and enabling infrastructure are all important for Ireland to develop a strong market.
- Multibillion euro projects mean both private and public capital markets are key to support the renewable transition. The use of contracts for difference (CFD) and power purchase agreements (PPA) are important to help support and reassure potential financiers.
Click here to view the report.
Related Publications
- European Corporates: Muted Impact of Geopolitical Tensions on Energy, so Far
- ESG: Demand for Environmentally Friendly European Power Assets Risks Weakening Credit Profiles
- ESG: The Coming Charge: Energy Storage Impacts on Project and Corporate Credit Quality
- ESG: Diminishing Russian Carbon Reliance: Funding the Household Solar Energy Transition in Europe
- European Climate Transition: Cost Burden and Risk of Slowing Progress
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Doc ID: 1004672
Contacts
Gordon Kerr, Managing Director, Head of European Research
+44 20 8148 1020
Karim Nassif, Senior Director
+353 1 588 1245
Garret Tynan, Managing Director, European Head Project Finance and Infrastructure
+353 1 588 1235
Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance
+1 646-731-2372
Arinjoy Bhanja, Senior Analyst
+353 1 588 1271
Media Contact
Adam Tempkin, Director of Communications
+1 646-731-1347
Business Development Contacts
Mauricio Noé, Co-Head of Europe
+44 20 8148 1010
Miten Amin, Managing Director
+44 20 8148 1002
