The Government has announced new funding for renewable energy companies in Ireland. Funding will be made available through NER300, a financing instrument managed jointly by the European Commission, European Investment Bank and Member States of the European Union. It will assist eight carbon capture and storage and 34 renewable energy projects in the EU. Single … Read more
Energia, a member of the Viridian Group, has achieved financial close for its Eur72 million investment in 51 megawatts of electricity capacity in new wind farms at Crigshane and Church Hill in County Tyrone. The development forms part of Energia’s all-island renewable energy plans. Energia has completed Eur65 million in non-recourse project financing with Nord/LB … Read more
The Government has published the Offshore Renewable Energy Development Plan for public consultation. Ireland’s ocean territory is ten times our land mass size. This Plan, in conjunction with the Strategic Environmental Assessment of Irish Waters also now published, looks at offshore wind, wave and tidal energy resources and how that could be maximised in the … Read more
SSE Generation, the power generating business of SSE, the second largest electricity generator across the UK and Ireland, has signed a comprehensive and flexible service agreement with GE. The ten years contract covers SSE’s fleet of 127 GE wind turbines in operation across the UK and Ireland. The new agreement will provide a wide range … Read more
Ireland has already begun to play a leading role in the development of the smart grid and now needs to capitalise on the significant opportunities that exist for business to use Ireland as a test bed given this country’s research, skills and technologies. This is according to a new report published by the Sustainable Energy … Read more
Ireland is playing a lead role in Europe in adding wind power and other renewables to our energy supplies, a new report states. Ireland is on target to achieve its target of 40% of electricity from renewable sources by 2020, and in achieving that target, we will have one of highest levels of wind power … Read more
Findings from a new survey show that, despite the difficult conditions of the last 18 months, renewable energy deal-making has remained remarkably robust and is expected to dramatically increase in the next 12 month Commissioned by Rodl & Partner, the leading independent professional services firm, and carried out by mergermarket, the comprehensive overview of the … Read more
Ukraine has joined the European Energy Community. The move extends the EU internal energy market to South East Europe and enhances the overall security of supply. The Ministerial Council of the Energy Community had approved the accession of Ukraine in December 2009, but the signature of the Accession Protocol was made subject to the adoption … Read more
The wind energy industry in the UK has reached a momentous milestone with 5GW of installed wind energy capacity or the equivalent of enough power to supply close to 3 million homes. The 5GW barrier has been achieved by the commissioning of two major wind farm developments – the expansion of Fred.Olsen Renewables’ Crystal Rig … Read more
Irish renewable energy company Gaelectric has raised $18m (Eur13.4m) from European private equity sources to fund part of its operations in the US. Gaelectric has used the money to book transmission capacity of 960 megawatts on networks in western US which will be used to deliver electricity from wind farms the company is developing in … Read more