Energy efficiency, an increasingly important aspect of our future energy future, will not be enough to meet our energy needs, according to the head of the country’s biggest electricity producer.
Energy companies are already investing billions of dollars in new technologies to make the most of the renewable energy they are producing.
“This is a big opportunity to see how far we can go,” Energy Minister Richard Bruton told a news conference today.
“It’s going to be up to us as an industry to continue to take advantage of the opportunities that are here.”
Renewable energy experts say the Government’s commitment to renewable energy is misguided and that the Government is simply taking the wind out of the sails of companies that already have significant wind power capacity.
Renewable sources of energy are not expected to replace fossil fuels for a long time, said Michael McGlinchey from the Renewable Energy Group.
“The Government is going to need a lot more investment in renewable energy.
The reality is it’s not going to replace coal or oil or gas or nuclear or nuclear plants,” he said.
In the meantime, Mr Bruton said that the sector will remain competitive and could be the future of energy for the country.
Renewables currently account for around 30 per cent of electricity generation, down from over 50 per cent in 2015.
“Renewables are the future.
They are the solution,” Mr Brutons statement said.
Renewed energy companies say the focus on renewables should not be misdirected.
“We have seen a very significant shift in the market.
People are really looking for an alternative,” said Paul McConway from Renewable Power Group.