Power Sector Opportunities in Ireland

An Expert's View about Energy Efficiency in Ireland

Posted on: 21 Sep 2010

The Irish energy market is currently estimated at 24GW hrs. It is a partially deregulated market and is moving toward an “all island” (of Ireland) market.

Sector briefing Power Sector Opportunities in Ireland Why Ireland? The Irish energy market is currently estimated at 24GW hrs. It is a partially deregulated market and is moving toward an ?all island? (of Ireland) market. There is a supplementary North/South (and South/North) inter-connector in operation. There are also advanced plans for an East/West (Wales/Ireland) inter-connector, which will link Ireland with the UK and European electrical supply grids. It is estimated that Ireland?s current and future needs for electricity are in excess of the (internationally accepted) 95% of available spinning load. Interconnectors: Ireland & UK Find general information on Irish market North ? South One interconnector plus conditions on UKTI?s website. The Doing two smaller standbys and Business Guide for Ireland gives an overview of a second interconnector Ireland?s economy, business culture, potential has been agreed and opportunities and an introduction to other planning permission was relevant issues. applied for in December 2009. Ireland ? UK NI link to Scotland Ireland ? Wales under construction In the case of the North-South and Ireland Wales interconnectors EU funding is in place. UK Trade & Investment Sector briefing: Power opportunities in Ireland Renewable Energy Opportunities There are currently 940MW of renewable energy capacity connected to the national grid. In the power sector, there are eight companies Ireland is rich in existing and potential currently supplying electricity to end users, and renewable energies and there is continuing co- a further 20-30 licensed firms who are either operation to develop an all-island approach to dormant, or generating power for their own sustainable energy. This will include the industrial use. There is an increasing focus in development of a long-term ??2020 Vision?? for Ireland on the importance of renewables for all-island sustainability in energy supplies, with energy security and climate change reasons. a particular focus on renewable electricity. The For much of its power Ireland is at the end of a focus is on accommodating a significant growth very long pipeline of imported energy, despite in renewable electricity generation into the grid having abundant renewable resources, systems. As part of the joint strategy the All- particularly wind and tidal. Both these sectors Island Grid will provide the long-term are expected to grow, and Irish firms like development of the grid systems on the island Airtricity (wind) and OpenHydro (tidal) are to enhance sustainability and support expanding overseas. According to Sustainable renewable electricity generation. Energy Ireland about 6% of Ireland's electricity production is from hydropower. Energy Forecasts to 2020 The nature of the economic climate that Wind and Wave Ireland will experience in the next 13 years has Wind generation is common, with a number of a key influence on energy demand trends in very large schemes (and many smaller ones) the short to medium term. The Economic and mainly in the West of Ireland. With over 1,000 Social Research Institute?s (ESRI) www.esri.ie MW of wind power already connected on the developed a new macro-economic scenario to island of Ireland, the wind energy industry has improve the energy forecasts that follows a invested over ?1bn in generation capacity. The high growth trajectory for the period to 2010 wind industry is planning the private and shifts to the low growth path to 2020. investment of between ?4bn and ?6bn in wind This implies annual average growth of 4.9% to power over the next ten years. This will require 2010 and 2.5% for the following decade. This a total annual investment of over ?500m, forecast pre-dates the current rapid downturn creating an additional 3000 jobs. Bord Gáis in economic activity. announced that it has purchased a 30MW windfarm development in the west of Ireland. Eirgrid The total investment in the windfarm will be Eirgrid is the independent electricity about ?50m and it is expected to be Transmission System Operator (TSO) in Ireland operational in 2011. For details on current and the Market Operator in the wholesale developments in wave energy see electricity trading system. EirGrid develops, www.irishtimes.com/newspaper/breaking/2008 maintains and operates a safe, secure, reliable, /1120/breaking38.htm economical and efficient transmission system. Gas EirGrid is playing a key role in establishment of The All-Island Energy Market Development the new All-Island Market for Electricity, as well Framework www.allislandproject.org continues as developing an East-West Interconnector and to build on the existing high level of cross- a North-South Interconnector. border co-operation in the gas area. The South-North gas pipeline from Gormanstown to Commission for Energy Regulation Belfast, which was completed in 2006, will The Regulator promotes competition in the electricity and natural gas sectors so those support the development of the gas network on customers can ultimately benefit from an all-island basis. The UK and Ireland are also competitive pressures on prices and services. looking at the scope for a common approach to The Commission works to ensure that the gas storage on the island and Liquefied Natural supply of natural gas and electricity to Gas facilities. With the volatility in international customers is safe, secure and reliable. gas markets and the co-dependence on imports via the UK, which itself is increasingly If you have any questions on the opportunities reliant on imports, the development of storage above, contact the UKTI contacts named in this facilities on the island is a strategic issue. report. Business opportunities aimed specifically at UK companies are added daily to UK Trade & Investment Sector briefing: Power opportunities in Ireland UKTI?s website. These leads are sourced by our staff overseas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. You can be alerted to business opportunities on a regular basis by registering on the UKTI website. Find out more on UKTI?s business opportunities service on the UKTI website. UK Trade & Investment Sector briefing: Power opportunities in Ireland Major events and activities UKTI contacts As a major focus of the Irish government there Simon McKeever are a huge range of Renewable and Director Trade & Investment Sustainable events being hosted regularly British Embassy Dublin throughout Ireland, organised by a variety of Tel: 00 353 1 205 3769 bodies and organisations. For details on Email: simon.mckeever@fco.gov.uk specific events please contact the British Web: www.britishembassy.ie Embassy in Dublin. Andrew Evans Find full details of all events in this Trade Advisor country and sector on the UKTI website. British Embassy Dublin New export events are added daily to the site Tel: 00 353 1 205 3753 and you can register to be alerted to them on a Email: andrew.evans3@fco.gov.uk daily, weekly or monthly basis. Web: www.britishembassy.ie UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small and Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events. UK Trade & Investment Sector briefing: Power opportunities in Ireland Next steps - How UKTI can help British companies wishing to develop their This work is available via our Overseas Market business in the Irish market are advised to Introduction Service (OMIS) a chargeable undertake as much market research and service which assists British-based companies planning as possible in the UK. UKTI?s team in wishing to enter or expand their business in Ireland, with its wide local knowledge and overseas markets. experience, can provide a range of services to British-based companies wishing to grow their To find out more about commissioning this business in global markets. work, or accessing other UKTI services and specialist advice, please visit the UKTI website This can include: to find contact details for your local UKTI ? Provision of market information office. ? Validated lists of agents/distributors ? Key market players or potential customers in the Irish market ? Establishment of interest of such contacts in working with you ? Arranging appointments ? Organise seminars or other events for you to meet contacts and promote your company in the Irish market Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Power opportunities in Ireland
Posted: 21 September 2010