Wind industry ‘losing investor appeal’

A LACK of cost-competitiveness coupled with inadequate supports mean Ireland’s burgeoning wind industry is losing appeal to international investors, a major wind energy conference has been told.

Leading industry figures said investors cannot make the returns here that they can make in other countries as the cost base is too high.

They warned that the ambitious target of having 40% of our energy needs from renewables by 2020 will not be met, unless a national renewable energy action plan is put into place.