Statkraft Ireland is keenly aware of Ireland’s need to secure its own energy future.
We need to ask ourselves if, in 21st century Ireland, it makes sense to pay to import oil and gas from overseas. These fossil fuels are transported across continents, burned in this country, and cause long-term damage to the Irish climate.
Consider:
2019
2019
Ireland spent an estimated €4.5 billion on importing energy
2020
2020
Gas accounts for over half (52%) of all electricity generated in 2020
2021
2021
Eirgrid reports 7 amber alerts on the Irish grid system. This indicates a need for much more electricity on our grid.
2022
2022
Geopolitical instability highlights dependence on fossil fuels, with significant volatility across the market
2022
2022
Household energy bills are increasing dramatically
Ireland is one of the most energy import-dependent countries in the EU. Recent global events make it clear that this is not a sustainable situation.
Our electricity needs are also on the rise – and providing sufficient electricity supplies to avoid potential power shortages has become increasingly challenging.
Having our own secure energy supply will shield us from global market energy price increases.