Non a case, the so-called Green Atlantic @ Moneypoint is an investment program destined for the next decade, which can only become a great opportunity for new jobs. The 1,400 MW floating offshore wind farm will be developed offshore Clare and Kerry counties by ESB and partners in the Equinor joint venture, a world leader in floating wind technology. Once completed, the wind farm will be able to power more than 1.6 million homes in Ireland.
The strategy for a better future is anchored in our ambition to lead the transition to a low-carbon energy future powered by clean electricity. Moneypoint's transformation into a green energy hub will be an important step towards achieving this goal and will bring tremendous benefits to the Mid-West and beyond. We have long shown our intention to stop burning coal at Moneypoint. Today we are unveiling plans for a reinvented Moneypoint, which will not only create hundreds of jobs, but will also help Ireland meet its climate goals and maintain secure electricity supplies in the future, said Pat O'Doherty, CEO of ESB.
In detail, Moneypoint will become a center for the construction and assembly of floating wind turbines. In the long run, the development of Moneypoint will inevitably support broader plans than the Port of Shannon Foynes and, by working with local stakeholders, will help make the Shannon Estuary a focal point for the offshore wind industry in Europe. It is therefore clear that BSE plans include investments in a green hydrogen production, storage and generation facility. The latter, a clean, zero-CO2 fuel, will be produced from renewable energy and used for power generation and to help decarbonise a wide range of industries such as pharmaceuticals, electronics and cement manufacturing.
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