Delays in wind farm development to constrict supply and ensure elevated prices, notes report via IrishTimesBiz
Ratno Sengupta and Ruth Young say in a report that inflation has driven up the cost of building onshore wind farms, pushing back timelines and investment decisions.
“The increasing capital costs are definitely not helpful,” said the organisation’s spokesman. “But from our perspective, the planning system and judicial reviews of planning decisions are much more of a reason for delays.” Government climate action targets include adding wind farms capable of generating up to 1,000 megawatts of electricity to the Republic’s system between now and 2030.Cornwall Insight notes that it is a key way to meet the extra demand for these reasons.The firm, a management consultancy that specialises in energy and utilities, previously forecast that prices would slip back to pre-pandemic levels by 2027.
The Government and the Commission for the Regulation of Utilities have already conceded that an electricity supply squeeze in the Republic could require State company ESB to keep its coal-fired Moneypoint electricity generator operating past its scheduled 2025 closing date.
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