UK and Ireland Sign Pact on Renewable Energy Trading

UK and Ireland Sign Pact on Renewable Energy Trading | Renewable Energy News Article

renewableenergyworld.com 24 Jan '13, 7pm

UK and Ireland Sign Pact on Renewable Energy Trading

A memorandum of understanding was signed by UK Energy Secretary Ed Davey and his Irish counterpart Pat Rabbitte in Dublin. The two countries have agreed to investigate ways to achieve more cost efficient uses of resources, drive down deployment costs and reduce dependence on fossil fuels. It is hoped that through the MoU, an inter-governmental agreement could be signed in 2014 in time for potential projects to start exporting wind energy from Ireland to Britain by 2020. Rabbitte said today that Ireland has “the potential to generate far more wind energy than we could consume domestically. The opportunity to export this green power presents an opportunity for employment growth and export earnings which we must seize if we can.” He added: “We will tease out the very complex engineering and market issues so that in a year’s time, we will be in a position to make an inter-gove...

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