This study presents a methodology to assess the possible benefits of the combination of wind energy with the still unexploited, but quite significant in Ireland, wave energy. An analysis of the raw wind and wave resource at certain locations around the coasts of Ireland shows how they are very low correlated on the South and West Coast, where the waves are dominated by the presence of high energy swells generated by remote westerly wind systems. As a consequence, the integration of wind and waves in combined farms, at these locations, allows the achievement of a more reliable, less variable and more predictable electrical power production. The resulting benefits are particularly clear in the case of a relatively small and quite isolated electrical system such as the Irish one. Here, in fact, high levels of wind penetration strongly increase the requirement of surplus capacity and cause a much lower efficiency for conventional thermal plants.