The ISLES project, a collaboration between the Irish Government, the Scottish Government and the Northern Ireland Executive, is reportedly planning to create a joined-up energy grid, involving a €7bn investment in offshore wind, tidal and wave energy.
As reported in The Irish Times today, the aim is to generate enough cleaner electricity to power 2.8m homes, by harnessing the energy from these renewables.
Industry giants Siemens, Alstom and ABB have reportedly backed the Isles project.
It is planning to divine into the €4.6bn fund that the European Investment Bank will be making available, plus the €9.1bn that will be available from the EU’s Connecting Europe Facility for the investment in trans-European energy infrastructure.
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