NISA

North Irish Sea Array

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Engagement Area

Energy Security

Statkraft Ireland is keenly aware of Ireland’s need to secure its own energy future.

We need to ask ourselves if, in 21st century Ireland, it makes sense to pay to import oil and gas from overseas. These fossil fuels are transported across continents, burned in this country, and cause long-term damage to the Irish climate.

Consider:

2019

2019

Ireland spent an estimated €4.5 billion on importing energy

2020

2020

Gas accounts for over half (52%) of all electricity generated in 2020

2021

2021

Eirgrid reports 7 amber alerts on the Irish grid system. This indicates a need for much more electricity on our grid.

2022

2022

Geopolitical instability highlights dependence on fossil fuels, with significant volatility across the market

2023

2023

Household energy bills are increasing dramatically

Ireland is one of the most energy import-dependent countries in the EU. Recent global events make it clear that this is not a sustainable situation.

Our electricity needs are also on the rise – and providing sufficient electricity supplies to avoid potential power shortages has become increasingly challenging.

Having our own secure energy supply will shield us from global market energy price increases.

Effect of Wind on Energy Prices

Wind Energy Ireland’s Annual Wind Energy Report for 2022 reveals just how much wind energy can reduce the price of wholesale electricity. During the windiest periods of December 2022, the price of electricity per megawatt hour was 40% lower than the least windy periods. An impressive 34% of Ireland’s electricity was provided by wind energy.

WEI Energy Price Tracking

Click image to view full infographic

This project is being developed by Statkraft Ireland.

For more information visit www.statkraft.ie

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