€9m in grants for companies to reduce energy bills

€9m in grants for companies to reduce energy bills

The Minister for Communications, Energy and Natural Resources is announcing €9m in grants to 43 companies to reduce their energy bills.

Minister Eamon Ryan made the announcement at the Mansion House in Dublin today, one of the recipients of the funding under the national Energy Efficiency Fund (EEF) for public and private sector businesses.

The projects - to be completed by the end of this year - will create lifetime savings for the company of over €70m and 50,000 of CO2 emissions will be avoided annually.

The EEF, which is being managed and coordinated by the Sustainable Energy Authority of Ireland (SEAI) , provides support for energy-saving upgrades to buildings, services and facilities.

The fund, which was launched in May 2010, was oversubscribed with applications by its closing date in August.

“We must tackle the needless waste of energy across all sectors," said Minister Ryan.

"In these straightened times, no one can afford to pay for unused energy. Increased energy efficiency is the one sure way to secure enduring reductions in energy use and energy expenditure.

“This is an important Government scheme delivering instant savings for both public and private enterprise," the minister added.

"It is yet another example of the green economy in action, where we create and maintain the jobs of the future while helping to fight climate change. It is the right investment for the smart business.”

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