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

What has been the benefit to date from our expenditure?

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.

Click here to read the full article

By Pat Swords BE CEng FIChemE CEnv MIEMA