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Energia plans €3bn investment in renewable energy

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Jul 03, 2019

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  • General News

 

Utilities provider Energia intends to invest more than €3 billion in renewable infrastructure over the coming five years, the company said on Monday.

The investment will fund an increase in the company’s capacity, adding as much as 1,500 mega watts (MW) of renewable energy generation to the grid.

The company has an existing supply of 1,200 MW including power from 22 owned and invested wind farms across Ireland. It also operates two major gas-fired power stations in Dublin.

Energia, which is ultimately owned by US investor I Squared Capital, said its infrastructure investment will create an additional 200 jobs at the group, bringing its total to 1,000. There will also be an estimated 3,000 to 5,000 construction workers involved in the five-year programme.

Some of the projects it plans to focus on include onshore and offshore wind farms, solar power, hydrogen fuel generation and bio-energy facilities

Source - Irish Times



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