Deal opens up export of wind power to UK

Power grid operators signed a deal yesterday to investigate the feasibility of a 5,000 megawatt electricity transportation system which could export wind power from Ireland to the UK within five years.

The UK’s National Grid and Portugal’s grid operator REN are working on a feasibility study for the project alongside Dublin-based renewable-energy generator Mainstream Renewable Power. REN is 25% owned by China’s dominant utility firm State Grid Corp.

“REN believes this memorandum of understanding sets the ground for the study of a potentially groundbreaking infrastructure for the future of European energy highways,” REN chief executive Rui Cartaxo said in a statement.

Mainstream Renewable Power aims to supply 1.2 gigawatts of power to the UK by 2017. The project could create as many as 54,000 jobs in the midlands, according to the company.

Mainstream chief executive Eddie O’Connor said: “We are now putting a team of experts together in order to conduct comprehensive feasibility studies and a business plan. This will be the precursor to the companies forming a joint venture to develop, build, finance, own and operate the system. This has never been done anywhere in the world and Mainstream is very excited to be leading such a groundbreaking project.”

Ireland is expected to produce more wind power than it needs, leaving room for exports to Britain, which has a target to generate 15% of its energy consumption from renewable sources by 2020, compared with around 9% last year.

Mainstream said it has already secured an offer for 5,000 megawatts of grid connection to the UK, which is independent of Ireland’s existing grid structure.

Reuters

More in this Section

Courts being used as ‘crude stick’ to engage borrowers

Warren Buffett’s ‘Woodstock for Capitalists’ goes global

Flextronics staff offered 5% pay rise over two years

Transatlantic Trade and Investment Partnership will weaken EU: Greenpeace


You might also like

Breaking Stories

Google Street View appears to catch its own car speeding in Glasgow

HSBC underlying pre-tax profits fall 18% to $5.43bn

So what exactly is Bitcoin and how does it work?

New car registrations up 10% in April

Lifestyle

Beware of pitfalls when you are building a house

Darren Killen is causing quite a stir online

Tom Vaughan-Lawlor gets caught up in his many characters

Autism assistance dog is a real pal

More From The Irish Examiner