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Home » Uncategorized » ESB clean power tops 800MW
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ESB clean power tops 800MW

Robin LancasterBy Robin LancasterMarch 22, 20191 Min Read
Greencoat tuned to Irish quartet

Irish utility ESB added 78MW of new renewable energy capacity to its generation mix in 2018 raising the clean power total to 816MW, according to its 2018 annual results.

A further 158MW is under construction, with wind, solar and hydro accounting for 14% of the company’s generation mix. ESB aims to increase that share to 50% by 2030.

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It invested €250m in low-carbon generation last year.

The company said its networks business connected a total of 336MW of new clean power projects in 2018 and now has over 4GW linked to the grid in Ireland.

Plans are in place to add a further 550MW of renewables in 2019, it added.

In Northern Ireland, 200MW of green power was added to the grid last year, bringing the total to 1.65GW.

Overall, ESB made a profit of over €60m last year, compared with a loss of almost €32m the year before.

Operating profit stood at more than €315m, up from just under €214m in 2017.

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