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THE ESRI HAS warned that Irish consumers should not bear the brunt of the cost of promoting renewable energy.
The Economic and Social Research Institute has published its Review of Irish Energy Policy today. In it, it says that the current financial support for onshore wind farms is “probably too generous” and that incentives for offshore wind, wave and tidal generation “are not appropriate as it is premature to incentivise substantial investment in such technologies”.
The review, authored by the ESRI’s research professor John FitzGerald, also recommended that the Corrib gas field be “brought to production as rapidly as possible”, claiming that the supply of energy for the Irish market would be at risk without it.
The Marine Renewables Industry Association (MRIA) claims that the ESRI report is underestimating Ireland’s potential as a generator of wind and wave power. MRIA Chairman Peter Coyle said:
We have the capacity to generate multiples of our national need, which leaves us with the potential to export.
A Mayo Associations Worldwide convention in Westport on 27, 28 and 29 May will discuss the county’s potential as a generator of wind and wave power.
FitzGerald’s report also finds that:
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