Wholesale gas tariffs drop by 41 per cent states Vayu Energy report

WHOLESALE gas prices plummeted by a whopping 41 per cent in February due to an “overwhelming” supply in Europe, according to the latest business report by Vayu Energy. The dramatic drop – also linked to weak demand – has led to the on-going review of consumer tariffs with SSE Airtricity the latest supplier to announce … Read more

Irish wholesale gas prices down 44% over 12 months

Irish wholesale gas prices have plummeted over the last twelve months, with large business users seeing significant benefits, according to the latestWholesale Energy Market Report published by Vayu Energy. Wholesale prices so far in February are 44 per cent lower on average compared with February 2015 and 10 per cent lower compared with last month. The … Read more

Kingspan full year revenues soar 47 per cent to €2.77 billion

Revenues at insulation and construction materials manufacturer Kingspanrose 47 per cent to €2.77 billion for the year ended 31 December 2015. Trading profit for the year rose 72 per cent to €256 million, with acquisitions contributing 35 per cent to trading profit growth in the year. The full year dividend per share increased 54 per cent … Read more

Bord na Móna secures planning permission for a new fuel plant

Bord na Móna is to create 60 new jobs after securing planning permission for a new smokeless fuel plant in the port of Foynes in Co Limerick. The facility will manufacture up to 150,000 tonnes of smokeless and biomass home heating fuels once operational. Bord na Móna submitted its planning application for the development to … Read more

Energia cuts carbon and costs for the Moyvalley Hotel

Competitive energy provider Energia has helped reduce the carbon footprint of the luxury Moyvalley Hotel and Golf Resort by over 490 tonnes annually. After undertaking an extensive audit of the resort, the resort’s energy efficiency was significantly increased by upgrading their lighting systems. Set amidst 550 acres of historic Kildare countryside, the Moyvalley Hotel and … Read more

BIM welcomes Wild Atlantic Shellfish achieving membership of Bord Bia's Origin Green

Wild Atlantic Shellfish, a Sligo-based oyster company today became a fully verified member of the Bord Bia Origin Green sustainability programme. Bord Iascaigh Mhara (BIM) extended their congratulations to the company, having worked closely with them on environmental and sustainability aspects over the past number of years through the BIM ECOPACT environmental management scheme. BIM … Read more

Lidl presented with ISO 50001 certification for sustainable energy management

German supermarket chain Lidl has been presented with ISO 50001 certification for sustainable energy management.  Lidl has 3,200 stores that are certified to ISO 50001, which makes it the largest food and retail network in Germany to get the certification. The certification process of all Lidl stores werre successfully completed in November 2015. The ISO … Read more

Pharma giant MSD to create 200 jobs across three counties

MSD, one of the biggest pharma companies in Ireland, is creating 200 new jobs at its manufacturing sites in Carlow, Cork and Tipperary. Some 110 of the jobs will be based in Co Carlow, with 50 in Co Cork and 40 in Co Tipperary. Ger Carmody, associate vice-president and site lead at MSD in Ballydine, … Read more

EU connects 13GW in 2015

Wind accounted for 44% of all new power installations in the EU in 2015, connecting a total of 12.8GW to the grid, according to the European Wind Energy Association. Some 9766MW was connected onshore and 3034MW offshore, with the volume of new installations up 6.3% on 2014. EWEA said total wind capacity in Europe now … Read more

NI tidal plans summer submission

Fair Head Tidal is planning to submit a marine licence application this summer for a 100MW tidal energy scheme to be located off the north Antrim coast of Northern Ireland. The team behind the Fair Head Tidal Energy Park, a joint venture between Cork-based DP Energy and Belgium company Bluepower, has concluded a series of … Read more