Wave energy ‘could create 52000 jobs’

January 5, 2011 by  
Filed under Ocean Energy

Wave energy 'could create 52,000 jobs' Nearly 70,000 jobs could be created if Ireland’s ocean energy sector is fully developed and meets the government’s 2020 renewable targets, a new report says.

According to SQW Energy’s Economic Study for Ocean Energy Development in Ireland, which was commissioned by the government’s Sustainable Energy Authority of Ireland and Invest Northern Ireland, wave energy could generate up to 52,000 employment positions, while tidal energy could result in 17,000 jobs, the Irish Times reported.

The all-Ireland ocean energy sector could be worth about EUR9 billion, the report suggests.

An “appropriate level of investment” in the sector could provide “long-term sustainable growth and wealth creation”, it added.

In November last year, An tSl Ghlas – The Green Way, which is composed of green industry firms, third level institutions and local authorities, predicted that Ireland’s green sector will create about 10,000 jobs over the next five years.

An tSl Ghlas, the country’s first green economic zone, is based in Dublin.
ADNFCR-2470-ID-800326089-ADNFCR