Fianna Fáil Seanad Spokesperson on Climate Action, Clare Senator Timmy Dooley, welcomed the announcement.
In line with the Government's ambition of reaching net zero emissions by 2050, ESB announced Green Atlantic @ Moneypoint. Under the programme, ESB's Moneypoint site will be transformed into a green energy hub, helping Ireland to become a leader in green energy production.
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Senator Dooley commented: "Green Atlantic @ Moneypoint is a multi-billion euro programme of significant investments on the site over the next decade resulting in hundreds of jobs.
"This is only a taste of what's in store, which will be transformational for not just the Clare area but the wider region and Ireland generally.
"We've got amongst the best winds in the world off the Atlantic seaboard here but what this announcement shows is that we now have the technology to capitalise on this.
"The bigger picture, however, is that we have an almost limitless supply of that wind energy offshore, up to 70,000 megawatts according to a report by Shannon Foynes Port Company last December. That means Ireland has an unprecedented opportunity to not just deliver and surpass its own climate change targets but to become a major producer of hydrogen, a fuel made from renewable resources, for global export of renewable energy."
