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Energy

Energy

Danish firm Ørsted acquires Carlow solar farm that could power 56,000 homes

But the company warned the government more investment was needed in the national grid ‘or we are racing towards a roadblock’
  • Donal MacNamee
  • March 16, 2023
Energy

No requirement for new gas power plants to be hydrogen ready

The state is in the process of contracting 2GWs of new gas fired power plants due to Ireland’s power supply crunch
  • Daniel Murray
  • March 15, 2023
CLIMATE

Government policies failing to address both climate and energy poverty – report

Friends of the Earth report found that the government’s existing approach to both emissions reductions and energy poverty are not delivering on either front
  • Daniel Murray
  • March 15, 2023
Energy

Revealed: EU electricity market reform steps back from radical overhaul

The proposed ‘decoupling’ of the price of gas from the price of electricity will not be included in the proposals set to be published
  • Daniel Murray
  • March 13, 2023
Energy

Data centre giants warn minister over delays to back-up energy permits

Microsoft, Amazon and Google seek to expedite applications to EPA for industrial emissions licences needed to ease any future power emergencies
  • Donal MacNamee
  • March 5, 2023
Energy

Ireland among highest gas consumers in EU last winter

Failure to reduce usage blamed on very high gas demand for electricity production due to low wind power generation
  • Daniel Murray
  • March 5, 2023
Energy

Shell’s CEO says cutting oil and gas production is ‘not healthy’

Wael Sawan says the demand for fossil fuels is here to stay
  • Bloomberg
  • March 3, 2023
Energy

Electric Ireland drops energy prices for businesses, but not for households

Wholesale energy costs have fallen to an 18-month low, but the company said it will keep rates for residential users under review
  • Paul O'Donoghue
  • February 27, 2023
Economy

Ibec upgrades forecast as inflation predicted to fall below 4%

Business lobby group says prolonged recession in Europe is unlikely this year due to reduced exposure to energy price inflation
  • Cónal Thomas
  • February 27, 2023
Infrastructure

EirGrid and road authority face off over plan for cables under roads

Former head of Irish Water has been brought in to lead working group to explore engineering solutions
  • Daniel Murray
  • February 26, 2023
Energy

Comment: A year on from Russia’s invasion of Ukraine it’s time for Ireland to lead on clean energy

Increasing renewable generation reduces Ireland’s exposure to variable fossil fuel prices and should therefore protect against the kind of volatile price spikes we have seen in the past year
  • Alistair Phillips-Davies
  • February 24, 2023
Energy

Tánaiste says pan-European supergrid the ‘only way to go’

Micheál Martin was launching a new book from Eddie O’Connor proposing the construction of a supergrid across the European Union to help deliver the clean energy transition
  • Daniel Murray
  • February 24, 2023
Energy

Wholesale electricity prices down 40% in January compared to previous month

CSO figures show that the wholesale cost of electricity is now down nearly a fifth year on year
  • Donal MacNamee
  • February 22, 2023
Energy Crisis

Irish energy firms to keep bumper 2022 revenues despite government’s new price cap

A forthcoming market price cap on non-gas generators will not apply retrospectively to 2022
  • Daniel Murray
  • February 21, 2023
Politics

Great expectations: how far will government go on cost of living supports?

With easing energy prices calming inflation, the need for state supports has lessened this spring. But ministers are worried that people have been led to expect payouts and will be disappointed by the measures
  • Daniel Murray
  • February 19, 2023
Economy

Cautious optimism, but with stern warnings: an economic forecast for 2023

Michael McAteer, outgoing managing partner of Grant Thornton Ireland, sees a return to confidence since Brexit and the pandemic, but also an acute danger to inward investment in the form of the housing crisis
  • Lorcan Allen
  • February 19, 2023
Sustainability

Biodiversity ‘is of key interest to investors in energy firms’

Energy companies are coming under increasing pressure to disclose their interactions with nature, according to Madeline Hodge of Denmark’s largest renewable energy provider
  • Ellie Donnelly
  • February 19, 2023
Energy

Report on Ireland’s power supply crunch to be published shortly

Eamon Ryan, the Minister for Environment, commissioned review by former secretary general to the Taoiseach on causes of energy capacity shortfall in coming years
  • Daniel Murray
  • February 19, 2023
Energy

European gas prices slump as energy crisis recedes

Prices have plunged by more than 80 per cent from their August peak
  • Bloomberg
  • February 17, 2023
Energy

Mica homeowners unable to claim energy grants after red tape row

Property owners trying to bring their houses up to modern standards have been locked out of the state’s retrofit scheme
  • Donal MacNamee
  • February 16, 2023

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