Arklow Bank Wind Park 2, an 800MW offshore wind project located off the coast of South Wicklow, has the potential to generate a substantial economic impact of up to €800 million (£693m) for the Irish economy over its expected 35-year operational span.
That’s according to new research, conducted by SSE Renewables, which suggests Counties Wicklow and Wexford could directly benefit from over half a billion euros of this amount.
The project is projected to create approximately 2,300 jobs throughout its lifecycle and contribute an annual sum of up to €19 million (£16.4m) to the Irish economy, with €13 million (£11.2m) earmarked for the Wicklow and Wexford regions.
The finalised report, prepared by BiGGAR Economics, is slated for publication in the coming months, coinciding with SSE Renewables’ submission of a planning application to An Bord Pleanála for the offshore infrastructure of the project.
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