Cost Benefit Analysis obligations for Ireland’s Renewable Action Plan – by Pat Swords

Ireland finally decides to do a Cost Benefit study for the renewable energy programme – Part One

By Pat Swords BE CEng FIChemE CEnv MIEMA

The Sunday Independent of the 12th April 2015, in an article entitled “Government yet to publish cost benefit analysis on wind energy”, clarified that “a spokeswoman from the Department of Communications, Energy and Natural Resources said the Government believes it is necessary to take a broader look and will soon publish a report.

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What has been the benefit to date from our expenditure – Part Two

By Pat Swords BE CEng FIChemE CEnv MIEMA

Ireland’s Renewable Energy Action Plan (NREAP) was prepared in 2010 without any proper assessment of costs and impacts. Table 10 of the NREAP provides us with the bottom line on electricity generation, namely by 2020 the installation of 4,094 MW of onshore wind and 555 MW of offshore wind. For wind energy installed in Ireland, where project costs are higher than elsewhere, approximately €2 million per MW is the installed cost for onshore installations and at least €3 million per MW for offshore installations. This then gives a total cost for installed wind energy of almost €10 billion.

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