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RTE: Energia to invest €3 billion in renewable energy projects

Published by , Editorial Assistant
Energy Global,


RTE is reporting that the energy company Energia has announced a €3 billion investment in renewable energy generation in Ireland over the next 5 years. It will create 200 direct jobs and 3000–5000 construction jobs.

 

The investment will include the development of onshore and offshore wind farms, hydrogen fuel generations, solar power, bio energy facilities and the smart grid. The company said this dovetailed with the government's pledge to increase the amount of electricity generated from renewable sources to 70%, up from its current rate of 30%, by 2030.

Minister for Communications, Climate Action and Environment Richard Bruton stated: "We are committing to generating 70% of our electricity from renewable sources by 2030 under the climate action plan.

"Decarbonising our electricity supply is crucial to all the changes we are making as we make the transition away from fossil fuels. The move to electric vehicles for example, will only be effective if the electricity being used has been generated from renewable sources.

"This investment by Energia, will boost Ireland's capacity, with over €3 billion being invested in onshore and offshore wind, solar, hydrogen fuel generation and bio-energy facilities."

Energia Group CEO Ian Thom, said: "Our decision to invest over €3 billion in renewable technology and energy infrastructure in the coming years is a clear signal of our intent to build on our continuous commitment to Irish communities, the economy and the sustainability of Ireland's energy supply while contributing decisively to decarbonisation and the protection of our domestic and global environment."

Read the article online at: https://www.energyglobal.com/electric-hybrid/04072019/energia-to-invest-3-billion-in-renewable-energy-projects/

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