Half of this money will be invested in wind, wave and tidal energies and biomass. This is due to cut by half the greenhouse gases emissions by 2020.
An interesting prospect for this country which might set an example for other countries in developed countries
According to Cleantech :
The state-owned Electricity Supply Board plans to put the cash into wind, wave, tidal and biomass, as well as smart metering and smart networks, as part of an overall €22 billion, or $34.6 billion, investment by the utility.
“ESB is operating in a dramatically changing environment,” said Lochlann Quinn, chairman of the Electricity Supply Board.
“Three overarching concerns now exist — the consequences of climate change, energy security and competitiveness of energy supply and ESB is strong, focused and prepared to deal with them.”
The utility said $6.3 billion would be directly invested in renewable energy projects, with $10.2 to be spent on smart metering and smart networks.
(…) Under the new program from the Electricity Supply Board, the other half of the overall $34.6 billion will go toward the country’s electricity infrastructure, with the utility saying the upgrades would facilitate the development of up to 6,000 megawatts of wind on the island.
The Electricity Supply Board said it expects to be delivering one-third of its electricity from renewable generation by 2020.
This will include over 1,400 MW of wind generation, in addition to wave, tidal and biomass, according to the utility.
The Electricity Supply Board said that with the development of a single U.K.-Irish electricity market by 2020, it plans to invest in more generation plants and renewables in the U.K. and further plants in Europe.
To me, this is great news but to me some of this money should be used to increasing the energy efficiency from the users, both private persons and companies.
And you, what do you think about this ? Be sure that I will keep you posted on renewable energies and their advances on the global scale.
So, for this and for much more, stay tuned and don’t hesitate to leave your opinion on this topic and write a comment as I would gladly read you.