Irish Battery storage to be 25% of energy capacity

Irish Battery storage to be 25% of energy capacity: Data from Cornwall Insight Ireland’s – ‘All-Island Power Market Outlook to 2030‘ paper – has shown battery storage capacity will grow to become nearly a quarter (24%) of Ireland’s installed energy capacity by 2030. The crucial technology will work to stabilise the network, as Ireland becomes…
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Irish forecast Q2 2022 All-Island Power Market Outlook

Irish forecast Q2 2022 All-Island Power Market Outlook: Cornwall Insight‘s newest All-Island Power Market Outlook to 2030 report gives a taster of the insights from its Q2 All-Island Forward Curve report. Changes to the SEM, GB and European Markets during the last quarter have been included into its models, containing delays in commissioning and new…
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Renewables developers have to raise bids to for protection

Renewables developers have to raise bids to for protection: Cornwall Insight & Wind Energy Ireland analysis has discovered that renewable developers in Ireland are being driven to place auction bids for projects which greatly surpass many other European countries, so that they can guard themselves against several financial risks. Which will cause rising consumer bills…
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Ireland to UK interconnector will begin development

Ireland to UK interconnector will begin development: A €500 million (£417m) under sea & underground electricity interconnector that will join up the grids of Ireland & Britain has finished its investment stage. The construction of the 190 kilometre interconnector is anticipated to begin in the approaching weeks. The ‘Greenlink’ project consists of a 160 kilometre…
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Ireland will save €200 on energy bills

Ireland will save €200 on energy bills: The Irish government has announced a €200 (£168) reduction in energy bills to help customers cope with the current energy crisis. The measure, which is expected to affect two million households, will take effect in April. The government previously announced plans to credit all domestic electricity customers with…
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Ireland sets a new record for wind energy production

Ireland sets a new record for wind energy production: Over the weekend, strong winds helped Ireland set a new record for wind power generation. Wind generation reached a record high of 4,584MW on Saturday at 1.15pm, according to Ireland’s national grid operator. According to the report, the total electricity demand on the island at the…
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Is hydrogen heating a solution for residential heating?

Is hydrogen heating a solution for residential heating?: Cornwall Insight have released a report assessing the potential of hydrogen in the challenging task of decarbonising residential heating in Ireland. The report found that lowering the CO2 emissions from residential heating would be a key component in Ireland achieving its ambitious vision to reach net zero…
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Home owners in Ireland to receive discount on energy bills

Home owners in Ireland to receive discount on energy bills: In January, the Republic of Ireland intends to give everyone €100 (£85) off their electric bills. The universal, one-time electricity credit, which is expected to be discussed today in the Cabinet, aims to provide relief to thousands of households that are currently struggling to pay…
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Gas and power costs are being raised by Iberdrola

Gas and power costs are being raised by Iberdrola: More Irish people may notice a rise in their electricity and gas bills after another provider, Iberdrola Ireland, announced a change in its energy tariffs. The increased tariffs are likely to add €12.6 (£10.7) to typical monthly gas bills and €11.5 (£9.8) to monthly electricity costs…
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Equinor is selling a stake in an Irish gas project for £326M

Equinor is selling a stake in an Irish gas project for £326M : Equinor has agreed to sell its non-operated equity stake in Ireland’s Corrib gas project to Vermilion Energy. Vermilion is the current operator and owns a 20% stake in the project. Nephin Energy owns 43.5 percent of the company, and Equinor owns 36.5% but…
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