Ireland is expected to attract huge investment as the country is set to add 5.8 GW of non-hydro renewable power capacity over the next decade to reach a total 9.6 GW by 2030, accounting for 65% of the country’s installed capacity, says data and analytics company GlobalData. GlobalData’s latest report, “Ireland Power market ooutlook to 2030, Update 2019”, reveals that to achieve a 9.6GW non-hydro renewables capacity by 2030 Ireland will hugely increase its investment in offshore wind and solar photovoltaic (PV) capacity. During the forecast period, offshore wind capacity is set to increase from 25 MW to 1.9 GW at a compound annual growth rate (CAGR) of 48.8%, and solar PV will rise from 25 MW to 1.3 GW at a CAGR of 43%. During the same period, power consumption in Ireland will see a minimal increase, reaching 31.4 TWh in 2030 from 27.9TWh in 2019 (a marginal 1.1% CAGR).
Modern Power Systems 14th Aug 2019 read more »