1) Key message:
Back in 2007 when they made the decision to go essentially with an ‘all wind’ strategy to meet EU 2020 renewable target of 16% of all energy production, Ireland chose a target of 40% of all electricity to be produced by renewables and essentially wind in 2020. In fact, this was the only choice on technical and financial grounds. As a consequence, renewables now (end 2012 being the latest official Irish data) produce 19.6% of all electricity and wind makes up three quarters of this component.
Click to read the full report: 24.4.15 Green economics and Moneypoint conversion benefits.