What are the benefits of Wind Energy in financial terms?
The development of suitable and appropriate renewable energy projects such as that proposed offer an opportunity to bring many benefits to the local area including the opportunity for local economic gain. It is our intention to work with individuals and businesses to ensure that the maximum benefit possible is realised in the local area.
Local Business Support Strategy
During our engagement with the local community, the opinion was expressed that local businesses should benefit from the development of the wind farm. In response to this and as a part of our commitment to seek to increase the economic sustainability of areas surrounding wind farm developments, we have developed a Local Business Support Strategy. This strategy is aimed at maximising the economic return for the local area by ensuring that local suppliers, contractors and business are considered for all appropriate opportunities. We aim to:
- Ensure that all local businesses area aware of all opportunities
- Facilitate and assist local businesses in applying for valuable contracts
We will work to monitor and develop the local economic benefit resulting from the project during both the construction and operational phases
Local Community Opportunities
- Community Ownership and the opportunity for local return directly from the wind farm
- An annual household dividend payments for all houses within 1km of the wind farm
- Long term savings on energy bills for those in the local area who avail of the Greener Homes Scheme
- Local economic benefit from the distribution of the €1.1million Community Benefit Fund
- Rental payments will be made to the landowners involved in the project
Local Jobs – Construction and long term operation jobs
- Machine drivers, quarries, lorry drivers, ground workers
- Engineers, steel fixers, surveyors, form work and shuttering crews
- Crane drivers, foremen, haulage companies, engineers
- Electricians, electrical engineers, electrical contractors, traffic and transport engineers, wind analysts
- Plant and machinery hire, materials, goods
- Grounds maintenance, fencing materials & fencing contractors
- Logistics, travel and lodgings
Rates to the County Council
- Annual council rates of approximately €400,000 for Offaly County Council.
- Rates are paid to the County Council by the wind farm developer. These are typically used for the provision of public services such as road upkeep, fire services, environmental protection, street lighting, footpath maintenance etc. along with other community and cultural support initiatives.
- These rates would be paid annually to the Local Authority over the lifespan of the project equating to approximately €10million for the county
Savings for Ireland
- Help towards reducing the amount of oil and gas being imported. In 2015 Ireland spent €256m on importing fossil fuels.
- Ireland will incur fines estimated of €140,000 - €150,000,000 per annum for every 1% of shortfall below our 2020 targets. This could range from anywhere from 1% to 4% equating to €140,000,000 to €600,000,000 in fines annually.