Irish electricity sector gets €500 million injection from EIB
The European Investment Bank (EIB) has announced it will lend €300 million ($438 million) towards the construction of a 256 km electricity interconnector between Ireland and Wales, and $200 million for 248 MW of wind farms.
Ireland meets 95% of its energy needs through imported fossil fuels and the government has an ambitious target of 40% of electricity consumption from renewable sources by 2020.
"Ireland has huge potential for wind power," says vice-president of EIB Plutarchos Sakellaris.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Environment-Renewables
European Parliament vote on carbon market reforms seen as bullish
Energy traders welcome reforms seen as shoring up ailing EU carbon market
Modelling the financial risks of wind generation with Weibull
The manner in which wind generation can affect the half-hourly APX price is discussed
EU TSOs need carrot to tackle congestion – EEX's Reitz
Power grid operators and capacity mechanisms seen as impeding cross-border trade
Q&A: Ercot's Doggett on wind power surge and EPA rules
Outgoing president and CEO discusses challenges posed by renewables in Texas
EU power traders rail against national interventions
Capacity and renewables schemes deterring investment, say panel participants
Weather house of the year: Munich Re Trading
Weather derivatives specialist wins praise for consistent, high-quality service
Emissions house of the year: CF Partners
Specialist knowledge of carbon market is crucial to company's success
Asian emissions markets seen as step in right direction
China and South Korea emissions schemes show promise, say industry groups
