RWE: targets up to €1.5 billion in gross investment by 2030 to help achieve Ireland’s net zero ambitions

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RWE, a global leader in renewables with a clear ambition to be carbon neutral by 2040, has pledged to invest €50 billion gross through 2030 to expand its powerful and green generation capacity to 50 gigawatts, with up to €1.5 billion gross already earmarked for Ireland in projects under development.

The company has a clear focus and know-how and wants to be a long-term energy partner supporting the Irish Government’s plans to move to 80% renewable electricity generation by 2030. However, in order to achieve this ambitious goal, faster planning decisions and a clear policy framework are needed.

RWE is undertaking long-term investments in onshore wind, offshore wind and battery storage projects across Ireland with the aim of developing a renewable energy business across a portfolio of technologies.

Speaking at this week’s Wind Energy Ireland conference in Dublin, of which RWE is the main sponsor, Cathal Hennessy, Country Chairman of RWE Ireland, explained what needs to happen to deliver renewable technologies at scale in the country. .

He said: “Renewable energy can help Ireland meet its greenhouse gas reduction targets and will also play a key role in the energy security of the Irish economy. But that will only happen if managers appropriate policies are in place and that adequate resources are available within key areas such as planning and energy supply.”

RWE’s largest development project in Ireland is currently the Dublin Array offshore wind project, which it is developing in partnership with Saorgus Energy. The Dublin Array project will have between 45 and 61 wind turbines located on the shores of Kish and Bray approximately 10 km from the south coast of Dublin and north of Wicklow. Once fully operational, it will be capable of generating between 600 megawatts (MW) and 900 MW of clean electricity.

RWE has an onshore wind farm at Dromadda Beg, near Listowel in County Kerry, and an 8.5MW battery storage facility at Balbriggan, County Dublin, which was the company’s first such project. company in Europe. The company has also developed a 60MW battery at Lisdrumdoagh in County Monaghan which can store enough electricity to power around 125,000 homes.

Innovation in renewable technologies will be key to unlocking new markets, the company is developing airborne wind power in Bangor Erris, County Mayo, in partnership with Dutch company Ampyx Power. The technology will use a small, lightweight, unmanned glider attached to a ground-based generator.

Photos of RWE’s renewable energy projects in Ireland for media use (credit: RWE) are available at the RWE Media Centre.

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