Ireland’s Renewable Electricity Support Scheme results

Cornwall Insight comments on Ireland’s Renewable Electricity Support Scheme results: Commenting on the Renewable Electricity Support Scheme (RESS) results announced yesterday Conall Bolger, Head of Energy Markets at Cornwall Insight, said:   “Yesterday was a good day for the Irish renewables industry; with the level of supported renewables capacity set to grow by over a…
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50% of Irish wind farm goes to Greencoat Renewables

Greencoat Renewables the renewable infrastructure investment company has announced it has acquired a 50% stake of the Northern Irish wind farm – Carrickallen. The company’s portfolio of wind assets, with the most recent acquisition, brings it to an installed capacity of 538MW. Consisting of ten turbines, the 20.5MW wind project, which has been operational since…
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McDonald drive-ins to offer EV rapid charging

McDonald drive-ins to offer EV rapid charging: Hungry customers who pop into one of McDonald’s drive-in branches, will soon be able to have their electric vehicle (EV) rapidly charged while waiting for their Big Mac. This comes after a collaboration between InstaVolt and the fast-food giant. Both new and existing drive-through restaurants will be included…
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Irish energy demand increase as lockdown is lifted

Irish energy demand increase as lockdown is lifted: Research from Cornwall Insight Ireland highlights that as the COVID-19 restrictions are lifted across Ireland, energy demand in the Single Electricity Market (SEM) has increased. Weekday demand has risen by 3% (3GWh) on average, with current weekday demand levels averaging 94GWh since the lockdown restrictions started to…
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SSE pledges £4m spend every day on low carbon projects

SSE pledges £4m spend every day on low carbon projects: Energy giant SSE has pledged to support low carbon projects in the UK and Ireland in the next five years, with an injection of £7 billion. With an investment of nearly £4 million every day on green projects, including a £3 billion offshore site, which…
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Will Irish households benefit from falling wholesale prices?

Will Irish households benefit from falling wholesale prices? Wholesale prices across the Single Electricity Market (SEM) fell to record lows in April. Joe Camish Analyst at Cornwall Insight Ireland discusses these developments and what this might mean for electricity users across Ireland.   The most prominent of these were the movements in the day-ahead power…
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20% drop in weekday Irish electricity demand

20% drop in weekday Irish electricity demand due to COVID-1: With a large proportion of specific sectors throughout Ireland having either closed or scaled back their operations due to COVID-19; a significant drop in Ireland’s electricity demand on weekdays has been observed.   In fact, research from Cornwall Insight Ireland, comparing the first week in…
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Negative wholesale prices in the SEM

Negative wholesale prices in the SEM –  comments by Cornwall Insight Ireland : On 5 April, the Irish Single Electricity Market (SEM) experienced a negative day-ahead trading price for almost the whole day.   The below graph shows the day-ahead market starting at -€6.0/MWh, before falling as low as -€14.5/MWh at 2:00 pm. Overall, the…
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COVID-19 impacts: decrease in Irish energy demand

COVID-19 impacts: decrease in Irish energy demand: Research from Cornwall Insight Ireland highlights that since Ireland went into lockdown on 16th March energy demand in the Single Electricity Market (SEM) averaged 6% down since the start of the month. This drop in demand is shown in the below graphs. Ruth Young Training Consultant at Cornwall…
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Irish electric vehicles sales lag behind 2030 target levels

Irish electric vehicles sales lag behind 2030 target levels: Research into Irish electric vehicle (EV) uptake by Cornwall Insight Ireland shows that EV sales are up 53% year-to-date. However, this still lags behind the Irish government’s Climate Action Plan 2019. The plan set a target to have 950,000 EVs on the road by 2030. The…
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