Renewable energy goal to cost up to EUR 5bn

By Power Engineering:

MEETING IRISH renewable energy targets will require investment of up to EUR 5 billion between now and 2020, according to a report from stockbrokers Davy.

The Government and the administration in Northern Ireland have both set targets to generate 40 per cent of electricity from renewable sources by 2020.

A report by Davy analysts Caren Crowley, Barry Dixon and David McNamara, published yesterday, estimates this will require the construction of wind farms capable of generating up to 3,500 megawatts of electricity, in addition to the existing renewable generators.

Davy s researchers calculate that this will require a total investment of EUR 5 billion across Ireland… Read more

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