Energy | Business Post

State moves to close EU case over controversial Galway wind farm

Fines relating to Derrybrien development total €13 million since 2019

Energy rationing ‘could be a reality’ in coming months, McGuinness says

EU Commissioner says it would be ‘naive not to plan for the worst’ due to the impact of the Russian invasion of Ukraine

Vast majority of public support windfall tax on companies profiting from energy crisis, survey finds

More than 50% of people surveyed by Ireland Thinks also support a moratorium on data centres connecting to electricity grid

Taoiseach rules out monthly measures to tackle cost of living

Worst of the crisis could yet lie ahead as the impact of energy inflation hits households over the winter, Micheál Martin warns

Pat Rabbitte: Questions for the utilities commission as energy crisis was waiting to happen

Even before the Ukraine invasion, it was clear to most that an energy squeeze was on the way. So why was nothing done about it?

Pay drops for DCC boss despite jump in profits

Chief executive Donal Murphy sees long-term incentive plan take a hit, though operating profit up 11 per cent

Cost of living crisis

Energy poverty at highest recorded rate – ESRI

Report recommends increase in welfare payments, fuel allowance, and lump-sum payments targeted at those most affected by energy inflation

Plans to double emergency power generation agreed by government

The move comes as Ireland’s power demand is projected to outstrip supply forecasts from this winter

Ireland is ‘firefighting’ energy crisis of own making, Statkraft boss says

Statkraft Ireland’s managing director Kevin O’Donovan says the national grid operator must move quickly to prevent high energy prices becoming ‘baked into’ the system

Business Post's View

Editorial: We are losing our race against time to meet 2030 electricity targets

With pressure mounting on the national grid, tripling the current level of operational renewable projects in the next eight and a half years seems less and less achievable

Government scrambles to avoid further price hikes amid emergency power supply plans

The state will have to double the importation of planned emergency power generators in 2023 to prevent blackouts, but is looking for alternative ways to pay for it rather than passing on costs to homes and businesses

Renewable energy prices rise by more than 30% after latest state support auction

A total of 1,948 megawatts were successful at this year’s RESS auction, which cleared at an average price of almost €100 per megawatt hour.

EU launches €210bn plan to replace Russian gas

Frans Timmermans, European commissioner for the Green Deal, said the EU was also preparing for a major Russian gas supply shock but that it would be ready

Energy supplier UrbanVolt secures €36m debt facility

Company’s clients include Dutch brewer Heineken and pharma giant Pfizer

EU to launch €200bn plan to move bloc off Russian gas

Recommendations will include major solar rooftop scheme and fast-tracking of planning permission for renewables

Green power cable developer warns of bottleneck in approval of clean energy projects

Boss of €500 million Greenlink Interconnector to Britain says state agencies urgently need help to process a huge number of renewables projects that are in the pipeline

General Electric moves to wind up Irish entity that sent $65bn to US

The multinational has filed a notice to liquidate an Irish subsidiary and shifted money stateside, as many others have done following Trump tax incentive

Data centres get green light to connect with solar and wind farms

The centres’ electricity usage increased by 32 per cent last year, and now accounts for 14 per cent of total national electricity consumption

State to double imported emergency power generators amid new supply fears

More than €300 million a year from winter 2023 is likely to be spent on the generators, as demand for power outstrips planned supply, largely due to the proliferation of data centres

China’s Covid lockdowns could cause ‘more trouble for Irish firms’

Bank of Ireland expert Conor Magee says increasing pressure from China’s lockdowns and the war in Ukraine is forcing Irish firms to change supply chains