Renewable energy projects can deliver many benefits that not only help our country and our local community, but also the wider world. The main benefits associated with the development of the NISA project in terms of sustainability, climate action and energy security are outlined below.
Under the Offshore Renewable Energy Support Scheme (ORESS), the Government has required that all renewable energy projects invest money into local areas. Under RESS, NISA will have a Community Benefit Fund of approximately €4 million per annum for 20 years.
Local communities will be central to the decision-making process of how a Community Benefit Fund should be used. Regardless of any funding, transitioning to a low-carbon society is the right thing to do and it will see long lasting benefits for all of us.