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Ireland met its targets for generating 15 per cent of electricity
from renewable sources by 2010 in January, a conference in
Dublin was told last week.
Addressing the 3rd National Renewable Energy Summit
at Croke Park, Energy Minister, Eamon Ryan TD also revealed
that Ireland is on schedule to overshoot its aim of achieving
40 per cent of the State's electricity needs from renewables
by 2020.
Mr Ryan said he believed there are no longer any differences
between political parties and industry on what needs to be
done and the only issue left was the speed of the development
of renewable energy.
The Minister also revealed his department was in talks with
authorities in Britain regarding three new electricity interconnectors
across the Irish Sea. He said a new study
has got underway in recent days, in conjunction with authorities
in Scotland, on the setting up of an undersea grid connection
along the Irish Sea bed. This grid would connect wind energy
installations in Wales, England, Scotland, Northern Ireland
and Ireland.
The undersea connection would ultimately become part of a
larger grid proposed by 10 states in northwestern Europe -
which, in turn, is designed to link into a pan European grid
which includes solar energy contributed by Mediterranean countries
and Portugal.
Mr Ryan also said new measures would be introduced to coordinate
various different incentives available for energy efficiency
- such as grants for home and commercial building energy efficiency,
with new "obligations" on industry to design and provide for
more efficiency.
EirGrid chief executive Dermot Byrne said there were currently
1,260 megawatts of wind energy connected to the Irish grid.
In addition, there are 1,300 megawatts under construction
and a further 3,990 megawatts would be sanctioned under the
next round of allocations.
This would give more than the required 40 per cent by 2020.
Even allowing for the possibility that not all of the projects
would be built, Mr Byrne said the likelihood was that Ireland's
40 per cent target would be achieved by 2017 or 2018.
He said the development of improvements to the grid - known
as 'Grid 25' - was vital to the success of the plan
and he asked conference attendees to support EirGrid's plans
for an overhead 400kv North South interconnector on the island.
Public consultation on this proposal ends on March 12th.
Mr Byrne said this was a vital piece of infrastructure and
would be the largest project to come before An Bord Pleanala's
strategic infrastructure arm.
The EirGrid chief also announced that a 110 million grant
for the East West Interconnector between Ireland and Britain
had been formally signed-off by the European Commission (Click
Here). The grant was made under a 'stimulus package'
approved by the commission last July, which was first announced
by Mr Byrne last September
It is in addition to 'soft loans' from the European
Investment Bank, which will see up to 300 million invested
in the interconnector. A further allocation of up to 200
million has been approved by the bank for development of the
ESBs renewable energy businesses, principally wind farms.
Donal Murphy, director of Global Project Finance with Bank
of Ireland, said there was a danger of a "dropping off" of
applications for loans from developers of renewable energy.
He said this was because of a perception that no loans were
available - but he maintained that perception was mistaken.
Mr Murphy told the conference that the bank had a fund of
800 million fior renewable energy and this was "certainly
not a sector that was being ignored".
Source - The Irish Times
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