Wave energy and energy self-sufficiency
Deputy Gogarty called for greater wave energy investment and stronger steps toward energy self-sufficiency. The Minister agreed the State must accelerate the transition through MARA, port investment and cooperation with the UK and EU.
We import in excess of €6 billion in energy every year. From a strategic point of view, given the dangers that we are facing in the world, energy self-sufficiency is more important than ever, yet there is nothing tangible in the programme for Government and we have done very little on wave energy investment. We are lagging behind Scotland, Australia and Portugal. There are huge untapped resources. An energy company called NoviOcean estimated that there is a theoretical potential of 440 TW annually, which is about 16 times our current electricity consumption.
Foras na Mara said a little more modestly that we could meet 75% of our electricity requirements. One way or the other, we could be a net exporter of wave-generated energy or convert it to hydrogen. That would save us money in the long term. From a Government perspective, we need to put in the investment and shift our policy towards energy self-sufficiency.
Comment on this
I agree with the Deputy. I disagree with him that the programme for Government does not contain a reference or a commitment in relation to that. It does.
Comment on this
The Deputy is correct that we have to accelerate our path to energy self-sufficiency and do that through green energy. The three ways in which we will do it are: first, through the support of MARA and the implementation of the new planning framework off the shores of our country; second, by continuing to put in place the investment that we are committed to putting in place in our ports and directly, where we can, into the energy sector to allow private sector investment to flourish; and third, through the co-operation we can have with the United Kingdom and the European Union to deliver very large projects. I am pleased that this kind of co-operation was discussed by Prime Minister Starmer, the Taoiseach and their ministerial teams this morning. That kind of co-operation is vital.