Conference hears renewable energy could be worth €3.8bn to Irish economy

RENEWABLE Energy could be worth €3.8 billion to the Irish economy by 2020 as the EU moves to generate 20% of itsenergy from renewables, according to the National Offshore Wind Association of Ireland (NOW).

Renewable energy is also expected to support 2.8 million jobs across Europe by that time.

EU Commissioner Andris Piebalgs told the NOW Conference in Dublin: “Ireland should be acting now to capitalise on their resources offshore.”