ESB to increase its renewable generation portfolio from 1GW to 5GW

The European developer ESB has announced plans to increase its renewable generation portfolio from almost 1GW to 5GW.

The Irish company shared that the plan is on its line to reduce the carbon intensity of its power generation by two thirds by 2030.

According to a report, "ESB Networks and NIE Networks, with Eirgrid and SONI and all renewable developers, are already working to deliver a doubling of the renewable generation connected to the electricity transmission and distribution networks."

The companies are considering growing jointly from 6.2GW at the current state to more than 15GW. To be noted, both Ireland and Northern Ireland have aimed to achieve 80% of electricity from renewables by 2030.   

On its part, ESB's move is part of its ambition to achieve net-zero by. It has been informed that under the plan, ESB will continue to invest in maintaining electricity resilience.

ESB chief executive Paddy Hayes remarked, "At ESB, we are driven to make a difference and will focus our efforts on the areas where we can make the biggest impact – creating and connecting sustainable, reliable, affordable electricity - and supporting the customers and communities we serve to achieve net zero."

To be noted, Ireland has recently passed the Climate Act with an aim of achieving net zero greenhouse gas emissions by 2050.

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