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Full coverage: Energy

New year, new climate – Part 1: A nation adrift after a wasted decade?

The publication of the Climate Action Plan and the mixed reaction to COP26 at the end of last year set the scene for an acceleration of climate policy. This two-part series explores the joined-up approach required to harness the power of business in this effort.

John Reynolds
17th Jan, 2022 - 15 min read

Colm McCarthy: To avoid building more stranded assets, just apply the Public Spending Code

Current energy and transport plans show lessons from the hundreds of millions of euros wasted on peat-fired power stations have not been learned. Existing rules provide for the scrutiny needed to avoid this, but government departments simply ignore them.

Colm McCarthy
20th Dec, 2021 - 6 min read

“Our technology is recognised in Scotland and we’re probably going to have to relocate there”

From the global politics of climate change to the reality of Europe’s geography, Eddie O’Connor is convinced that his new business enabling long-distance electricity transport will play a crucial part in the transition to renewable energy. But he is scathing about Ireland’s ability to support such innovation.

Thomas Hubert
15th Dec, 2021 - 4 min read

Disappointing climate plan contains one bold new target: 80% renewable electricity. But how?

The latest Climate Action Plan falls short of the Government's own targets, showing that ministers continue to dither on making hard decisions. By default, a growing share of steeper efforts will fall on electricity generation – and there, at least, some action is happening.

Thomas Hubert
5th Nov, 2021 - 9 min read

Inside the Ronan brothers’ nine-figure wind farm deal

The French energy giant EDF made a remarked Irish entrance when it bought into the country’s largest planned wind farm a year and a half ago. The Currency can now reveal how much it paid Johnny and Conor Ronan and Richard Barrett in the deal – and how much it has yet to pay them.

Thomas Hubert
3rd Nov, 2021 - 3 min read

Politics, power, and petrol: What’s going on with global energy prices?

OPEC has the ability to raise production levels of oil quite easily, but it seems that political pressure would have to increase massively before this happens. The bottom line is that consumers will have to get used to higher oil prices.

Peter Kinsella
29th Oct, 2021 - 4 min read

Cows, cars and climate: Carbon budget spells out agriculture v energy dilemma

The Climate Change Advisory Council has laid out what is feasible to cut Ireland’s greenhouse gas emission by half in ten years. It boils down to balancing disruption between the power, transport and heat used by every home and business or the agri-food sector supporting entire rural communities.

Thomas Hubert
27th Oct, 2021 - 6 min read

Norway’s renewables giant Statkraft has invested €300m in Ireland. This is just the beginning

In just three years, the Norwegian state-owned electricity group has become the fastest-growing green power company in Ireland. This is the story of its expansion in Ireland - what it owns, its financial strategy, and what is coming next.

Thomas Hubert
13th Oct, 2021 - 24 min read

Grid connection is energy developers’ worst headache. At least its cost is now cleared for tax relief

When one of Ireland’s largest electricity companies claimed capital allowances on the fees charged to plug into the national network, Revenue came back with additional tax bills. The dispute went to a two-day hearing before the Tax Appeals Commission.

Thomas Hubert
6th Aug, 2021 - 6 min read

Solar deals are now making nine-figure sums, and the next round of bidding is about to open

The long-awaited selection of the first grid-scale solar energy projects ever eligible to state support in Ireland just one year ago opened the capital floodgates. Norwegian, British and French investors have been piling in.

Thomas Hubert
27th Jul, 2021 - 5 min read
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