This transition will take many forms, including the development of solar, bioenergy and offshore wind generation to enhance the incredible strides made by the onshore wind industry over the past 20 years. Also, this is fuelled by a growing desire from the Government and consumers to create a decarbonised society.
This is no longer just about climate change, or even the cost of our failure to meet EU targets in 2020 (in excess of €500m a year) and possibly 2030 if we do not become more ambitious in our strategic thinking. The reality is that the transition to a green economy will result in significant economic benefits, particularly in those parts of the country where it is most needed.
As we decrease our dependence on oil in particular, a much greater part of our energy needs will be met from renewable sources, all of which are available locally and at an ever-decreasing cost.
In the past week, we have seen two significant announcements which will accelerate the pace of this revolution.
One is the investment by Parkwind NV into the Oriel wind farm, giving rise to the possibility of a significant large-scale offshore wind farm being constructed over the next few years.
Then there was the announcement by Microsoft that it had entered into an agreement with GE to purchase 100pc of green power from a wind farm based in Co Kerry.