Ireland's energy costs threaten investment edge

Ireland’s competitiveness in attracting foreign direct investment is under pressure, warns IDA Ireland. In briefings to Government, the agency stressed that high energy costs, grid constraints, and uncertainty around connections are deterring global investors—particularly in power-hungry sectors like semiconductors, life sciences, and data centres.

Traditional strengths like talent and tax incentives are no longer enough in a world where energy affordability, sustainability, and security are strategic priorities. The IDA flagged delays and capacity issues in Ireland’s utilities as posing serious reputational risks, with implications for tax revenue and long-term growth.

Worryingly, any stall in data centre investment could disrupt the economics of offshore wind—jeopardising Ireland’s broader net zero ambitions.

Read the full article for insights on why energy strategy is now central to Ireland’s economic future.