An energy co-operation declaration with nine other EU counties has been signed by the Minister for Communications, Climate Action and Environment.
Minister Denis Naughten said Ireland needs to work with its colleagues across the EU to turn this potential into electricity.
The declaration focuses on the development of cost effective offshore wind and wave renewable energy.
Minister Naughten said: "While we are at the leading edge ocean energy research, we can always benefit from closer cooperation with our EU neighbours, not just in ensuring that we use the most cost effective solutions to produce off shore energy but also to get this green electricity onto the European electricity grid.
"As the new Minister with responsibility for both for energy and climate action, I want to ensure that we do all in our power to achieve our climate change targets in a sustainable cost effective manner in the shortest timeframe possible."
(CD/JP)
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