Renewable Energy Investment in Ireland is ahead of the Global Curve

Renewable energy being delivered at a markedly lower cost may be the reason behind the boosted worldwide renewable energy capacity.

Although the renewable energy investment actually fell according to new global data, this is not the case in Ireland. All of the major players in the Irish Market are investing heavily in wind farms which is good news for the consumer.

Energia Meenadreen Wind Farm

Energia invested €145 million on it’s South Donegal wind farm which is now in production. The wind farm in Meenadreen is Ireland’s largest wind farm and it is made up of 38 turbines providing enough energy to power 50,000 homes. The investment also removes 100,000 tonnes of Carbon emissions from the atmosphere annually.

The Mayor of Donegal Town, Patricia Callaghan, Peter Baillie, Managing Director of Energia Renewables and Ian Thom, Group CEO of Viridian Group at the official opening of the Energia Meenadreen Wind Farm.

Energia will use drones to inspect the turbines. They will fly predetermined paths around the turbines and help to identify snags or defects which will enhance the overall efficiency and safety of the wind farm.

“Since 2008 Energia has invested over €350m in developing and constructing new wind farms,” said Peter Baillie, managing director of Energia Renewables. “We are very proud to have delivered this large-scale project and to finally see it start supplying energy to homes and businesses around the island of Ireland.”

Energia Renewables provide 35 percent of Ireland’s wind power to homes and businesses.

SSE Airtricity Rasharkin Facility

SSE Airtricity, Ireland’s second-largest energy utility and renewable power provider, has contracted BayWa, a renewable energy developer, to supply green energy to 14,000 home throughout Ireland.

The facility will span 194-acres at Bann Road, Rasharkin, Co. Antrim and will produce enough clean energy from the sun to offset roughly 200 tonnes of carbon emissions annually.

SSE Airtricity’s previous experience in this market includes the development of a 1,400 panel solar array on the roof of the Odyssey Complex in Belfast.

Head of market services of SSE Airtricity, Peter Lord has this to say:

“We’re delighted to be partnering with BayWa for a project of this scale and significance. At SSE Airtricity, we have a great deal of capability and experience in energy market trading, which makes us ideally placed for this. The agreement allows the solar farm at Bann Road to deliver clean, green energy for customers, while further securing SSE Airtricity’s proud position as the leading renewable energy provider on the island of Ireland.”

Benedikt Ortmann, the managing director for solar projects at BayWa said:

“While we construct and operate solar parks globally, Bann Road marks our first solar project on the island of Ireland. The market here is in an early stage of development and we expect to see a lot more growth as the island of Ireland seeks to meet an increasing amount of its energy needs from renewable sources. It’s very gratifying to have brought this landmark project to fruition and we’re delighted to be working alongside SSE Airtricity.”

SSE Airtricity Galway Wind Farm

The Galway wind park development is a two-phase project – Phase 1, named Comhlacht Gaoithe Teoranta (CGT) consists of 22 turbines. Phase 2 is a 50/50 joint venture between SSE Airtricity and Coillte. Phase 1 is now complete and fully functional while phase 2 is due to be completed later this year. When it is completed it will be Ireland’s largest onshore wind farm and will provide green energy to almost 80% of the homes in Co. Galway.

ESB and Bord na Móna

ESB and Bord na Móna have announced that they will develop solar power facilities in four locations in Roscommon and Offaly. These facilities are said to be able to power 150,000 homes.

Electric Ireland

Electric Ireland has announced that they will be moving into the residential solar power market.

The team at Cost.ie are monitoring developments in renewable energy closely to assess the best options available for our clients in their locality. If you would like to discuss switching to renewable sources for your home or business energy requirements please give us a call on +353 1 6853771