Ireland Can Be Leader In Renewable Energy, Says Study

Energy Minister Eamon Ryan has announced the publication of a groundbreaking report on renewable energy and the electricity grid on the island of Ireland. Undertaken by national and international experts, the All-Island Grid Study was commissioned jointly by the Department and the Department of Enterprise, Trade and Investment (Northern Ireland).

The most advanced and comprehensive of its kind in the world, the study examines a range of generation portfolios for Ireland, the ability of our power system to handle various amounts of electricity from renewable sources, the investment levels required, and the climate change and security of supply benefits that would accrue.

Minister Ryan said: "This study shows that we can do more than reach our renewable energy targets - we can surpass them.

"Above and beyond our current target of 33% by 2020, the Grid Study tells us that it is feasible to generate 42% of our electricity from renewable sources by that date. This will be one of the highest levels of renewable electricity in the world. It will reduce our greenhouse gas emissions by 25% in comparison to a 'business as usual' scenario.

He continued: "Getting to this point will not be easy. This is a highly complex task. Our electricity systems will require major investment to cater for wind, wave and other renewables. For the Republic alone, additional investment of over €650m will be necessary to reinforce over 600km of the electricity transmission network. Corresponding investment required from private industry will be in the order of €9bn.

"This will bring significant savings on our imported fossil fuel bill and present Ireland with new employment and enterprise opportunities."

The Minister concluded by saying the Irish Government remains committed to making Ireland a world leader in renewable energy.


Related Irish News Stories
Click here for the latest headlines.

14 November 2011
High-Powered Dublin Meeting For Gaelectric
Executives from the Northern Ireland renewable energy development and energy technology group, Gaelectric, have met with members of the NI Enterprise Trade and Investment (ETI) Committee to highlight the contribution of the renewable energy sector in Northern Ireland to economic development and energy security.
08 February 2008
Ryan Announces Prices For Offshore Wind Energy
A guaranteed price for electricity produced by offshore wind has been announced by the Minister for the Energy, Communications & Natural Resources. Minister Eamon Ryan said a price of €140 per megawatt hour is in line with incentives in other countries.
28 February 2024
Gaming Business Ideas To Start In Ireland
Are you passionate about gaming and considering turning your hobby into a profitable business in Ireland? You're in luck! The gaming industry is booming, and many opportunities are waiting for you. Here are ten gaming business ideas that could be your ticket to success in this exciting field. 1.
12 April 2012
Grid Link Project Consultation Launched In Cork
Public consultation starts today on the Grid Link Project, an estimated €500 million project planned by EirGrid to upgrade the electricity grid that will deliver a wide range of benefits to the national and regional economies. The development will involve the construction of a new power line linking Leinster and Munster.
13 May 2010
Power-up Marine Energy, Says Foster
There's power in the seas around Ireland, and it should be harnessed for the good of all it's citizens. That's according to the Stormont Enterprise Minister Arlene Foster who has encouraged the local renewables sector to build partnerships and take advantage of the multi-billion pound global marine energy market.