Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Lightsource To Invest €500 Million Into Solar Power In Ireland

Lightsource Renewable Energy has revealed that it intends to invest heavily into Ireland’s burgeoning solar industry.

Hailed as the largest solar energy generator in the UK, and as the largest solar energy company in Europe, Lightsource Renewable Energy announced on Monday that it would make “an investment of significant resource and expertise into Ireland for the development of solar power installations.” It has since been reported that the investment will amount to €500 million, and that — with the proper incentives — solar power in Ireland could generate up to 1.5 GW worth of electricity each year by 2020.

Lightsource-1Specifically, Lightsource announced these plans:

  1. Intensive engagement with businesses, schools and local communities across the country
  2. Bid to strengthen the local economy and supply chain with industry expertise and cheaper electricity
  3. Major investment into network infrastructure and national targets for renewables

“We are excited by the opportunity for solar power in Ireland. Lightsource is committing significant financial investment and resource towards realising this opportunity,” said Nick Boyle, Lightsource’s CEO. “Any risks associated with the development of these solar projects, including installation costs, will be borne by Lightsource. This commitment will not only add to sustainable electricity generation in Ireland, it will also strengthen the local economy and supply chain.”

Lightsource intends to work with farmers, property owners, and other locals, to ensure that solar has the best opportunity to boost renewable energy generation in Ireland.

“Our ground-mounted solar projects will provide much-needed land diversification for farming enterprises, and our rooftop systems will enable schools, businesses and community buildings to reduce overhead costs. It really is a win-win for local communities,” Nick Boyle added.

 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Cars

"New model, new platform, new class: MG Motor is set to hit the ground running in the full-electric hatchback class with the all-new MG4...

Cars

Citroën has a hot new 100% electric vehicle, the ë-C4 X, and it just entered the UK. As Citroën describes the ë-C4 X, it...

Cars

The automobile assembly and motor vehicle component manufacturing industry is a critical pillar of the South African economy. Before the Covid19 pandemic, South Africa’s...

Aviation

UK airlines were allowed to pollute for free and given subsidies via the UK’s flagship scheme to reduce carbon emissions, new study finds. The...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.