£300M Transformation: Belfast Harbour’s Bold Step Toward Renewable Energy Leadership

Belfast Harbour has announced a significant investment of over £300 million in capital projects as part of its 2025-2029 strategic plan, "Advance Regional Prosperity." The plan includes a £90 million upgrade to port infrastructure to support the growing offshore wind industry, positioning Belfast as a key hub for renewable energy. With 30 offshore wind farms planned within 200 kilometers of the port, Belfast is set to capitalise on the demand for clean energy, supporting the UK's and Ireland's net-zero targets.

The strategy outlines a phased development of a new deepwater quay. The first stage, to be completed by 2027-28, will accommodate larger cruise vessels, enhancing the port's existing tourism revenue, which currently contributes £20-25 million annually. The second stage, expected by 2030, will expand capacity for offshore wind turbine assembly and installation, contingent on further investment.

Beyond renewable energy, the £300 million plan includes the regeneration of the Harbour Estate and waterfront, with £105 million allocated for urban development projects. Plans include constructing 325 homes on the River Lagan's north side and an additional 3,000 homes across the 800-hectare estate by 2030. The City Quays 5 development, a £60 million mixed-use project, will provide office, retail, hospitality, and exhibition spaces, further enhancing the city's economic landscape.

Belfast Harbour will also invest in sustainability and innovation, introducing new sustainably powered cranes, autonomous vehicles, and BREEAM Excellent warehouses. The port will continue to play a vital role in cruise tourism, hosting around 300,000 visitors annually.

As a Trust Port, Belfast Harbour reinvests all post-tax profits into development, ensuring long-term regional economic benefits. Chair Dr. Theresa Donaldson and CEO Joe O'Neill have emphasized the strategy's commitment to economic growth, sustainability, and job creation while positioning Belfast as a leading player in renewable energy and urban regeneration.