RWE Plans up to EUR 1.5 billion in Total Investment Volume in Ireland by 2030 to Support the Country's Zero Energy Transition
/DUBLIN, April 13, 2022, 9:30 BST, RWE/ RWE is the global leader in renewable energy with a firm target to achieve carbon neutrality by 2040, with a commitment to invest EUR50 billion by 2030 to expand its green generation capacity to 50GW. Along with this plan, the company will allocate up to EUR1.5 billion in Ireland through the renewable energy project under development. The company has a clear goal and know-how and wants to be a long-term energy partner supporting the Irish Government's plans to transition to 80% renewable electricity generation by 2030.
However, in order to deliver this ambitious target, faster planning decisions and a clear policy framework is required. RWE is undertaking long-term investments in onshore wind, offshore wind and battery storage projects across Ireland with an objective to grow a renewables business across a portfolio of technologies.
RWE’s largest development project in Ireland is currently the Dublin Array offshore wind project, which it is developing in partnership with Saorgus Energy. The Dublin Array project will have between 45 and 61 wind turbines located on the Kish and Bray banks about 10 km from the coast of south Dublin and north Wicklow. Once fully operational, it will be capable of generating between 600 megawatts (MW) to 900MW of clean electricity.
RWE has an onshore wind farm at Dromadda Beg, near Listowel in Co Kerry, and 8.5MW battery storage facility at Balbriggan, in Co Dublin, which was the company’s first such project in Europe. The company has also developed a 60MW battery at Lisdrumdoagh in Co Monaghan, which can store enough electricity to power about 125,000 homes.
Innovation in renewable technologies will be key to unlocking new markets, the company is developing airborne wind energy at Bangor Erris, in Co Mayo in partnership with Dutch company Ampyx Power. The technology will use a small, unmanned lightweight glider tethered to a generator on the ground.
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