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Investment in PV Solar in Ireland could also see savings passed back directly to the public.


Looking to invest in a sector that can help both the environment and give back directly to the public? Green Crowd had a successful year of investment in 2021 where investors pledges will see not only PV Solar going directly into homes and businesses as renewable energy but savings back in wallets of those installing PV Panels.

This year’s investment opportunities will once again open direct routes of investment in renewables from Green Crowd, and other exciting opportunities.

According to the Irish Times, Solar growth in Ireland could provide an annual saving of €21 (£18) per citizen, referencing a report from international advisory firm, AFRY.

It modelled three scenarios with different levels of solar and wind, to establish the most effective way of meeting the Government’s target of 70% renewable electricity by 2030.

Within these, the highest solar scenario saw a total €106 million (£91.5 million) annual saving, as there are significant benefits from a diversified portfolio of generation assets.

If Ireland is to install enough solar to power 1.2 million households as shown in this high penetration scenario, fewer less efficient fossil fuel generators will be required during the daytime, when operational demand is at its highest. This also leads to a reduction in greenhouse gas emissions, which fall 8% in the high solar scenario.

The report was commissioned by the Irish Solar Energy Association (ISEA), who welcomed its findings with CEO, Conall Bolger highlighting that maximising solar resources in the near term “will more efficiently decarbonise our economy and provide Irish citizens with an economic gain.

“This solar bounty can be ours if our energy policy recognises the hidden value of solar. A good first step would be keeping a solar pot in this year’s RESS auction, rather than forcing wind and solar to compete, resulting in our comparing apples with oranges. As this report shows, the auction price doesn’t tell the full story.”

Ireland’s first Renewable Electricity Support Scheme (RESS) auction took place last August. There were 63 successful solar PV projects from 20 companies that ranged in size from 0.5MW to 119MW, with the most common project size of 4MW making up around half of the successful projects.

Interested in investing in Solar PV? Green Crowd has investment opportunities in Irish Solar companies.

Get in touch today for more information or email our offices in Carlow. or call 01 912 0345.