Ireland Solar Power Outlook

Ireland Solar Power Outlook

Code: GDAE0245VPT | Published: Dec-2015 | Pages: 10 | GlobalData
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Ireland has ample renewable energy sources, only a small portion of which have been exploited to date. Irelands major renewable energy sources include wind, biopower, and small hydropower. Of these, it is investing primarily in wind power, and both the onshore and offshore wind power sectors have considerable potential. Solar power in the country is still at a nascent stage.

The Renewable Energy Feed-in Tariff (REFiT) has boosted the adoption of renewable energy sources in Ireland. However, solar power is currently the only key renewable energy source that is not entitled to the REFiT in Ireland. It is thought that the country could witness 500 Megawatts (MW) of solar power installations by 2020, if the right policy framework is put in place. The rapid decrease in solar costs globally since 2008 could also spur large-scale solar deployment in the country.

Ireland has recently witnessed a number of major developments in the solar power sector. Its largest solar Photovoltaic (PV) project - with a peak capacity of 193 kilowatt-peak (kWp) - was completed in November 2015, with the installation carried out by Solar Electric Ireland. In August 2015 another energy giant, Lightsource Renewable Energy - Europes leading solar energy company -announced an investment of around Euro 500 ($556m) to boost Irelands nascent solar market. In November 2015 Power Capital, a Dublin-based solar specialist company was involved in the Taney Wood solar project situated in Dundrum.

Scope

- Snapshot of the countrys solar power sector across parameters - regulatory scenario and key developments in the solar power sector
- Irelands Renewable Energy Feed-in Tariffs (ReFiT)
- Data on leading current solar projects

Reasons to buy

- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the countrys solar sector.
- Identification of Renewable Energy Feed-in-Tariffs
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the solar industrys growth potential

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