Ireland Wind Energy Market Size (2024 - 2029)

Ireland Wind Energy Market Size Summary

The Irish wind energy market is poised for significant growth, driven by government initiatives and a strong focus on renewable energy. The market, which experienced setbacks due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue expanding at a robust pace. The Irish government has set ambitious targets to generate a substantial portion of its electricity from renewable sources by 2030, creating a conducive environment for wind energy development. Despite the increasing adoption of other renewable energy sources like solar, wind energy remains a dominant force, particularly in the onshore segment, which accounts for a significant share of the country's renewable energy production. The government's Renewable Electricity Support Scheme (RESS) further underscores its commitment to bolstering renewable projects, including wind energy, as part of its national energy and climate strategy.

Ireland's wind energy sector is characterized by a high level of installed capacity and a strong pipeline of projects, both onshore and offshore. The country is one of the leading producers of wind energy globally, with a substantial portion of its renewable energy generated from onshore wind farms. The government's strategic focus on increasing offshore wind capacity, alongside ongoing investments in onshore projects, is expected to enhance the country's wind energy infrastructure significantly. Key industry players, including Nordex SE, Parkwind NV, and General Electric Company, are actively involved in the market, contributing to its moderately fragmented nature. These developments, coupled with community benefit initiatives and increased funding for local projects, are likely to drive the growth of the Irish wind energy market in the coming years.