Ireland Invests €3.5 Billion in Electricity Grid to Boost Renewables and Resilience
In a significant move, the Irish government has announced a €3.5 billion investment in the electricity grid. This substantial funding is part of the National Development Plan (NDP) 2025, aiming to bolster offshore and onshore capabilities, meet renewable energy targets, and enhance grid resilience by 2030.
The investment, the largest of its kind in Ireland's electricity network history, will be allocated to ESB Networks and EirGrid, with €1.5 billion and €2 billion respectively. This substantial funding will support the development of 9 GW of onshore wind, 8 GW of solar power, and 5 GW of offshore wind capacity, all key components of Ireland's 2030 climate goals.
The investment is tied to the PR6 process, with stakeholder submissions invited until September 11, 2025, and a final decision expected by December 2025. Minister Daragh O'Brien has stated that this investment will ensure reliable and secure electricity for homes and businesses, attract foreign investment, and support the construction of 300,000 new homes by 2030. The investment also aligns with other significant allocations in the NDP, including €36 billion for housing, €22.3 billion for transport, €9.3 billion for health, and €7.6 billion for education.
The €3.5 billion investment in Ireland's electricity grid is a crucial step towards achieving climate goals and creating thousands of jobs. By 2030, this investment aims to strengthen the grid's resilience, attract foreign investment, and support the construction of new homes, all while ensuring reliable and secure electricity for all.
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