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11 February 2008 - Ireland has announced a government-backed guaranteed price for offshore wind power in a bid to boost the development of renewable energy.
Under the government's feed-in tariff scheme, offshore wind power that is produced will get a support price of €140 ($202.9) per megawatt-hour.
The move follows a similar initiative for onshore wind farm generation. Ireland's energy minister Eamon Ryan said the support price was "in line with what other countries are offering."
The National Offshore Wind Energy Association of Ireland said the move would "unlock" the sector's potential.
"Ireland's offshore wind energy operators are now moving a step further towards delivering 2000 MW of energy, with an investment of over €4bn euros over the next five years," the industry group said.
Ryan said his department was working with ministries in Scotland, Northern Ireland and Wales on a proposal to build new transmission links under the Irish Sea, as part a new extended European offshore grid linking wind farms and ensuring stable supply.
"If we can connect and integrate wind farms from other jurisdictions, electricity will be produced wherever the wind is blowing," he said.
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