The expansion of wind energy generation in Ireland over the 2000-2020 period had an associated net cost of just €1 per household a year, according to a soon-to-be-published study of the sector.
The study by energy consultants Baringa shows net financial cost of wind was €100 million which is significantly less than the total support costs under the Public Service Obligation [PSO] of €2 billion. Wind energy has saved 40 million tones of CO2 across the island of Ireland and €2.5 billion on gas burning to generate power in this time.
Figures show record levels of wind energy is being delivered at scale with 27.5 per cent of electricity production in Ireland coming from wind. It is expected that figure would reach 30 per cent by the end of the year.
Speaking at the Irish Wind Energy Association’s (IWEA) conference, IWEA chief executive Dr David Connolly said he was confident the Irish wind sector could contribute to providing even cheaper electricity, and become ‘a low-cost energy provider’ compared with fossil fuels over the next decade. Dr Connolly also said wind energy provides a rural Ireland with a monumental opportunity.
By 2025, wind energy is expected to be the number one source of electricity in the EU.
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