RWE targets €1.5bn investment by 2030 to deliver Ireland’s net zero ambitions

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Long-term investments in onshore wind, offshore wind and battery storage projects across Ireland.

Global leader in renewable energy, RWE, is committed to investing €50bn gross through to 2030 to expand its powerful and green generation capacity to 50 gigawatts, with up to €1.5bn gross already earmarked for Ireland through current projects being developed.

The company aims to be a long-term energy partner supporting the Irish government’s plans to transition to 80% renewable electricity generation by 2030. However, to deliver this ambitious target, faster planning decisions and 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.

Speaking at today’s Wind Energy Ireland conference in Dublin, Cathal Hennessy, RWE Ireland country chair, highlighted what needs to happen to deliver large-scale renewable technologies in the country.

“RWE sees very significant potential for our operations in Ireland and we are keen to grow our business in this market, we have the international experience and expertise to deliver large scale renewable projects and would like to support the Irish government to deliver its net zero ambitions,” said Hennessy.

“We already have a strong portfolio in the Irish market including onshore wind, battery projects and offshore wind development. Renewable energy can help Ireland meet its greenhouse gas reduction targets and will also play a key role in delivering energy security for the Irish economy. But this will only happen if the correct policy frameworks are in place and adequate resources are available within key areas such as planning and energy provision,” he said.

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 10km 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.