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AMSC 38.87+6.4%3:59 PM EST
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From: David C. Burns6/21/2011 7:55:46 PM
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Britain offers to subsidise Irish wind farm industry

THE BRITISH government could massively subsidise the Irish wind energy industry under proposals to be considered in London today.

Britain believes the west coast and the seas around Ireland can provide it with a large amount of its renewable energy and could be willing to subsidise offshore wind farms there.

Industry groups here say such a move could be worth up to €1.6 billion a year to the Irish economy.

Taoiseach Enda Kenny and Minister for Energy Pat Rabbitte will be attending the British-Irish Council, where the issue of electricity interconnectivity will be high on the agenda.

Mr Rabbitte will have separate meetings with his British counterpart, Charles Hendry, who said at the weekend that the proposals could bring “significant wealth [to Ireland] with very little downside”.

Mr Hendry said the west coast of Ireland was an ideal location for wind farms, but the small Irish market meant there was no demand for the potential power generation. “We want to put that right,” he said.

The British government is considering directly subsidising electricity through its feed-in tariff system, which would be a subsidy to private investors operating on Irish territory. It could also operate by a system known as “supplier obligation”, whereby British power companies would be mandated to buy a certain amount of renewable energy from Irish sources.

Although Britain has significant wind resources of its own, especially in Scotland, it does not have enough to meet its targets of having 15 per cent of all energy from renewables by 2020.

irishtimes.com
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