Onshore wind activity in Ireland
Mergers and acquisitions in renewable energy projects in Ireland, and particularly in onshore wind, have been increasing steadily in recent times and this is expected to continue over the coming years.
This evidences recovery in the Irish economy and is consistent with the global trends in the sector. At a recent annual conference of the Irish Wind Energy Association (IWEA), it was stated that the onshore wind sector in Ireland would generate new investment totalling as much as €4.7bn (£3.7bn) by 2020. The new investment will, among other things, come through wind energy companies signing contracts with Eirgrid and the Electricity Supply Board to connect to the national grid as part of the ‘Gate 3’ connection programmes.
There are a variety of factors contributing to and facilitating the current activity in onshore wind projects in Ireland, some of which are set out below…
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Draft legislation that would have increased the red tape burden may be overhauled.
ICAV is a new corporate vehicle designed for Irish investment funds and came into force on 12 March 2015.