The wave of price hikes is not set to abate before next spring, and ministers discussed a set of short-term measures that have been put forward by the European Commission to help consumers and businesses weather the shock. The main reason behind the sharp spike is increased global demand for energy, and gas in particular.…
Ireland already has the highest share of onshore wind in its electricity mix of any country in Europe – 38%. But it wants to get 70% of its electricity from renewables by 2030. To deliver that the Government wants to add a further 4GW of onshore wind capacity by then – and build 5 GW…
Highlights Energy Related CO2 emissions 11.5% lower in 2020 Most significant emissions reduction since 2009 recession and is largely due to COVID-19 impacts Total energy consumption down by almost 9%, largely due to reductions in transport use Energy related CO2 emissions fell by 11.5% (4.3 million tonnes) in 2020, which is the most significant annual…
Work on a new state-of-the-art energy stabiliser will begin in Moneypoint Generating Station in the coming weeks. The €50m synchronous compensator is a key aspect of the ESB’s multi-billion Euro Green Atlantic development. The new compensator will be the first in the country and will incorporate the world’s largest flywheel used for grid stability. Due…
The PSO levy is paid by all electricity customers in Ireland and is used to support the renewable energy sector. Following a review of the PSO cost submissions, the CRU’s final calculation is that a PSO levy of €263.70 million will be required for the 2021/22 PSO year. This represents a decrease of €129.43 million…
The UK is looking to bring Irish firms on board for joint bids in future renewable energy projects, including offshore wind. Britain’s trade envoy to Ireland told the Irish Independent that offshore wind was a major opportunity for investors on both sides of the Irish Sea, as both governments have made made ambitious renewable electricity targets. “It’s all about building…