A potential takeover by Sunny Hill a company owned by Petroceltic’s biggest shareholder Worldview has come to a close after the timing for acceptance on the £6.4m bid lapsed.
Last month, Petroceltic had called on its shareholders to accept the offer at a price of 3 pence per share.
But in a statement Sunny Hill said the deal had […]
A potential takeover by Sunny Hill a company owned by Petroceltic’s biggest shareholder Worldview has come to a close after the timing for acceptance on the £6.4m bid lapsed.
The Sustainable Energy Authority of Ireland (SEAI) has today published a report detailing the actions needed to meet our energy efficiency and renewable energy targets by 2020, which will also help us to reduce our greenhouse gas emissions. Key among the actions required is a trebling of the number of home and business energy upgrades […]
The Irish Wind Energy Association (IWEA) expects to spend €500 million on building new wind farms in the country over the next four years.
The lobby group for wind farm developers will publish its forecast figures at the annual IWEA conference today, and it seems the construction industry will benefit as Ireland increases its renewable energy output.
Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to announce that it has signed a framework agreement with Economy Energy Ltd, the UK-based energy supplier serving electricity, gas and dual fuel customers, as its preferred […]
US oil futures touched new highs for 2016 today and are set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supports prices.
Brent US crude was up 3 cents at $40.23 barrel, after rising to […]
ESB has seen its profits rise by 33% in 2015 to €286m, from €71m a year earlier. The company said the increase came primarily from an improvement in the amount of time its power plants were available to generate energy.
The ESB currently employs over 7,000 people in Ireland, said pretax profits rose from €214 million to €307 million […]
Oil prices held most of the previous day’s strong gains today as a dive in US petrol stockpiles fuelled hopes for a pick-up in demand. But traders remain on edge over the long-running supply glut.
Both contracts soared yesterday, with US benchmark West Texas Intermediate hitting a three month high and Brent breaking $41 after a US energy […]
The Sustainable Energy Authority of Ireland’s (SEAI) Energy Show 2016 takes place at the RDS in Dublin on Wednesday 6th and Thursday 7th April. The annual two-day business event, which last year saw over 160 companies exhibit their sustainable energy products and services, gives attendees the unique opportunity to view the latest products from leading […]
Bord na Móna says it has secured planning permission from Limerick Co Council for a €20m smokeless fuel plant in the port village of Foynes, which will create 60 jobs when operational.
Around 140 jobs will be created during the construction phase of the project.
The facility, which is to be built on Bord na Móna’s existing […]
EDF Energy, the British arm of French giant EDF, will extend the life of four of its UK nuclear power stations by up to seven years, it said today.
The announcement, revealed alongside annual results from its parent firm, comes with EDF yet to make a final investment decision over the construction of a vast new […]
Fifty jobs are to be created, after planning permission was granted for a solar energy farm in County Cork.
Amarenco Solar is to install 22,000 panels on on ground-mounted frames on a site of 10.2 hectares at Kilmoney.
Forty of the jobs will be created during the construction phase, with 10 full time staff when it’s operational.
Siemens has received two contracts for the supply of wind turbines for two projects located in Ireland.
Under the first contract, Siemens will supply and install 36 Siemens D3 direct drive turbines at the 108MW Cloosh Valley wind farm, which is also known as Galway Wind Park Phase 2.
The Cloosh project is being developed as part […]
Tyco International and Johnson Controls announced today they will merge in a tax-saving deal. The deal combines Tyco’s operations in security and fire safety with Johnson’s businesses, which include energy storage.
The merger will result in $150m in annual tax savings as Johnson, based in Wisconsin in the US, will shift its domicile for tax purposes to Ireland, […]
Mining and energy company Vedanta Resources said its Lisheen mine in Co Tipperary made its final shipment last week, completing planned closure of the site.
Vedanta Resources, which also produces copper, coal, aluminium, lead, iron ore and oil, said mining activity at the zinc and lead mine had stopped in November.
The mine’s closure, which was announced […]
The Sustainable Energy Authority of Ireland (SEAI) is calling on communities to apply for €20 million available in grant support for energy efficiency upgrades to homes, businesses and community buildings to be carried out in 2016. The Government’s Better Energy Communities programme, administered by SEAI, has already supported 260 community energy retrofit projects over the […]
Minister for Communications, Energy and Natural Resources, Alex White T.D. visited Saint John of God Hospital in Stillorgan following the completion of a €1 million energy upgrade. The upgrade works included the installation of high efficiency lighting, heating and glazing. The project, which received €25,000 support from the Sustainable Energy Authority of Ireland (SEAI), was […]
Armagh-based food producer, Linwoods has invested in 200 rooftop solar panels as part of a significant £2 million development of its Armagh site.
Linwoods has appointed Kingspan Energy to install a new 50kW solar PV system which will create savings of £355,000 for the company over the next 25 years.
Major Investment Programme Gets Underway at Armagh […]
Spanish thermal solar power and electrical engineering firm Abengoa has signed an agreement with its creditor banks for a €106m credit line to help avert what would be Spain’s biggest-ever bankruptcy.
The company will be used for general corporate necessities, Abengoa said in a statement to the stock market regulator.
It is using some shares held in […]
Planning permission has been granted for a new solar farm in Co Waterford. The site in Kilcannon is one of 35 such farms planned by the renewable energy company Amerenco Solar.
In a statement, the company said it will start building the Waterford facility once the Government establishes renewable tariffs for 2016, following this week’s publication of […]
UK-based infrastructure and energy company Elgar Middleton could spend €66 million developing six solar plants around Limerick.
Sites have already been identified and partner Edward Elgar said planning applications and applications for grid connections will be made next year. The six sites could generate up to 60MW of electricity between them. That’s enough to power to […]
Energy utility SSE will be the first large corporate business in Ireland to become a Living Wage employer – guaranteeing all its employees a Living Wage of at least €11.50 an hour from 1 January 2016.
Almost 750 staff across SSE’s businesses in Ireland will receive at least the Living Wage rate. This rate, set at […]
Minister for Energy Alex White, TD, announced today €20 million in grant offers for local communities under the 2016 Better Energy Communities scheme.
The scheme, which is administered by the Sustainable Energy Authority of Ireland (SEAI), has supported 260 community energy efficiency projects over the last four years. As a result over 12,000 homes and community […]
A new report from KPMG has found that deploying solar PV technology to power Irish homes and businesses could support up to 7,300 new jobs per year between 2017 and 2030. ‘A Brighter Future – The Potential Benefits of Solar Photovoltaics* (PV) in Ireland’ is published on 24th November 2015, by KPMG in association with […]
This Thursday marks the last official engagement of Dr. Brian Motherway as CEO of SEAI before he departs to take up the position with the International Energy Agency (IEA) as Head of its International Energy Efficiency Division in Paris.
Dr. Motherway will launch the ‘Energy in Ireland’ report which presents an overview of energy trends in […]
Minister for Skills, Research and Innovation, Mr Damien English TD, today announced funding of over €11 million to the Energy Systems Integration Partnership Programme (ESIPP).
ESIPP will receive €5.5 million from the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland, coupled with €5.5 million from five industry partners – AIB, EirGrid, Ervia, Glen Dimplex, […]
The carbon content of electricity generation in Ireland fell to a record low last year, half the level it was in 1990, according to figures published by the Sustainable Energy Authority of Ireland (SEAI).
Renewable electricity helped Ireland avoid 2.6 million tonnes of CO2 emissions in 2014, and is now one of the single biggest contributors […]
Pictured are Brian Motherway, CEO, SEAI and Lisa Jackson, vice president of Environment, Policy and Social Initiatives, Apple
Apple has committed a €1 million fund to promote the development of ocean energy in Ireland.
The fund will help developers who receive a Sustainable Energy Authority of Ireland (SEAI) grant to test their ocean energy prototypes in the Galway Bay Ocean Energy […]
Shareholders in Tullow Oil received a considerable boost today as Maersk Oil ventured into the world of East African oil through a partial acquisition of drilling licenses in the region.
Tullow’s shares climbed yesterday after its partner, Africa Oil, sold 50 per cent of its holdings to a setof oil fields in Kenya and Ethiopia to Maersk for […]
As part of a €28m investment, Viridian Group, is to create 35 IT jobs over the next three years in its Belfast office.
Viridian, the parent company of Energia, says that it is looking to hire IT professionals for a variety of roles including project managers, technical analysts and business analysts.
The company operates in Northern Ireland […]
A £107 million energy plant at Belfast’s harbour estate could bring around 250 jobs to the construction sector.
What will be the north’s largest energy-from-waste facility, providing 14.85 megawatts of energy from household waste, will also provide work for an additional 20 employees once it is up and running.
The financial case for the long-awaited Full Circle […]
The Irish distribution group, DCC, has completed the the acquisition of Butagaz, a French liquefied petroleum gas (LPG) supplier, in a deal worth €464m.
The deal, which is the biggest in DCC’s history, means that the company will now be consolidated from the start of September.
The original agreement for the acquisition was announced by DCC in May and […]
A Chilean renewable energy joint venture involving Eddie O’Connor’s Mainstream Renewable Power (MRP) will invest $600 million (€544 million) in new wind farms there, after winning a major State contract.
Mr O’Connor is a former Bord na Móna chief executive and an advocate of renewable power.
Aela Energía, in which Mr O’Connor’s company MRP holds a 40 […]
On November 3rd 2015, the Aviva Stadium will see the largest ever gathering of key stakeholders responsible for delivering a more sustainable Ireland.
The National Sustainability Summit serves as a forum where business leaders, innovators, regulators and Government can examine both the commercial opportunities in the emerging green economy as well as the challenges faced in […]
According to Fianna Fail TD Robert Troy, Bord ná Mona requires a strategy for an alternative energy supply.
This news comes after Bord na Mona’s planning permission for its Offaly plant was rejected, with the result of several jobs in the area now at risk.
The ruling comes as An Taisce’s challenge against An Bord Pleanala’s decision in 2013 to […]
Solar21 CEO Michael Bradley and CFO Andrew Bradley
A new Irish renewable energy fund is aiming to raise €100m before Christmas and start building up a portfolio of solar farms across Europe.
Fledgling fund Greenroom Investments received regulatory approval from the Central Bank earlier in the year, making it one of the first investment funds in the […]
The National Sustainability Summit will take place for the first time on 3 November in the Aviva Stadium, Dublin.
The event will provide a timely platform to discuss and debate the parameters for COP21/CMP11 Conference of the Parties to the United Nationas Framework Convention on Climate Change (Paris 2015) that is fast approaching on 30 November, […]
Minister Alex White announced Government funding of €3.5million to three Irish marine energy firms for the development and testing of new ocean energy technologies.
The announcement, made at a major European conference on ocean energy taking place in Dublin today, will see the three companies – Ocean Energy, SeaPower and GKinetic – receive funding from the […]
Fine Gael MEP for Dublin, Brian Hayes, today welcomed a letter from the EU Climate Commissioner, which says that Ireland is on course to meet its EU greenhouse gas emissions targets by 2020. Under EU binding targets, Ireland is obliged to reduce its greenhouse gas emissions by 20%, compared to 2005 levels.
“EU Climate Commissioner Arias […]
With the aim of contributing to global environmental sustainability, Toyota has developed an ambitious set of goals to be achieved over the next 35 years.
Addressing key global environmental issues such as climate change, water shortages, resource depletion, and degradation of biodiversity, the Toyota Environmental Challenge 2050 aims to reduce the negative impact of manufacturing and […]
Global demand for crude is growing while non-OPEC countries are producing less of it.
This is helping to bring the supply and demand for oil back into equilibrium, OPEC’s Secretary-General Abdalla Salem El-Badri and Kuwait’s oil minister said.
“The current situation in the market is positive,” El-Badri said on Monday at a conference in Kuwait City. “I […]
RTÉ has signed up to an energy partnership with the Sustainable Energy Authority of Ireland (SEAI) to adopt cost saving and efficiency measures to ensure its energy consumption is reduced in line with the 2020 public sector energy efficiency target of 33%.
RTÉ plans to reach the target by introducing projects like the upgrading from analogue […]
The Government has set aside €130m as a dedicated fund to promote programmes for energy efficiency and renewable energy, with the hopes that a series of focuses could ultimately bring down the price of energy in Ireland.
Projects that are aimed at people “experiencing fuel poverty” will be the main focus, explained Alex White, the minister for […]
Since last year, Irish energy research projects have successfully secured €18m in EU funds for Ireland. That is according to the Sustainable Energy Authority of Ireland (SEAI) who today launched a joint publication with Enterprise Ireland entitled “Building on Ireland’s Energy Research Performance”. The report showcases academic and industry exemplars successfully leading and participating in […]
Royal Dutch Shell said it would cease exploration activity in offshore Alaska for the “foreseeable future” and take a writedown of about $4.1 billion (€3.6 billion) after failing to find enough oil in the region.
The company said it did not find sufficient amounts of oil and gas in the Burger J well, located in the […]
The Sustainable Energy Authority of Ireland (SEAI), in co-operation with Enterprise Ireland have called on innovative companies to develop smart technology solutions to help make Building Energy Ratings (BER) more informative for homeowners.
Funding of up to €150,000 is available under the competition titled Small Business Innovation Research.
Smart solutions, such as advanced mobile technology, can help […]
Oil prices rose by around one per cent on Monday as US drilling slowed and analysts estimated that $1.5 trillion worth of planned American production investment was uneconomical at prices of $50 per barrel or lower.
Crude prices have plunged more than 50 per cent since June 2014, when soaring global production started to clash with […]
France-based energy generation firm Areva has delivered a new vessel head to Engie Group’s subsidiary, Electrabel, for the 1,047MW Unit 4 of the Doel nuclear power plant in Belgium.
Belgian Electrabel is the majority stakeholder of the facility, which is the second-largest power plant in the country.
Doel nuclear plant has four units, with the first two […]
Lightsource, one of Europe’s biggest players in solar photovoltaic (PV) farms, is understood to be planning to invest €500m to develop solar farms across Ireland.
The company aims to work with farmers, as well as property owners such as factories and retail outlets, to boost sustainable electricity generation in Ireland.
Lightsource believes that with the proper incentives, […]
The Irish renewable energy investor and asset manager NTR has expanded its remit into Scotland’s eastern seaboard with the acquisition of the Quixwood Moor wind farm capable of generating 24MW.
NTR – based in Sandyford, Dublin – announced the deal following negotiations with the wind farm’s previous developer, the Banks Group, who had were first granted […]
Circle Oil, the Cork-based oil and gas exploration company that is quoted on the Alternative Investment Market in London, has been given approval to renew the exploration permit on its Mahdia licence in Tunisia.
The company said the permit, in which it has a 100 per cent working interest, is being extended three years until January […]
Petroceltic confirmed the tendering process has begun for engineering, procurement and construction services at the Ain Tsila development in Algeria.
The contract will cover a central processing facility, an industrial base, an administration/ accommodation base, well gathering system, and product export system.
A short list of companies has been compiled, which includes Daewoo Engineering & Construction, the […]
The conglomerate will dump the toll roads business which gave it its original name, along with its other interests into a holding company that will be named Altas Investments.
The wind energy division meanwhile will be transferred into a new company which will be named NTR Plc.
Altas will have a separate leadership team. Current NTR boss […]
The agreement will see Vayu supply Teeling Whiskey with natural gas and 100pc green electricity to meet its energy requirements for its newly opened distillery in Dublin’s Newmarket Square in The Liberties.
Co-owned by brothers Jack and Stephen Teeling, the Teeling Whiskey Company was founded in 2012.
Jack Teeling, founder and managing director, said the company takes […]
European offshore wind has set a record for annual capacity installation just six months into 2015.
Veolia has been awarded a €450 million deal to operate a wood-fuelled biomass power plant in Killala, Co Mayo.
The company said it secured a 15-year contract from Mayo Renewable Power to operate the new 42.5-megawatt heat and power plant, which will produce enough electricity to supply 68,000 homes.
In addition to operating and maintaining the power […]
Sustainable Energy Awards 2015 Open For Ambitious Energy Projects
Organisations from multinationals to SMEs & community organisations
driving culture of change in energy efficiency
22nd May 2015 – Close to €1billion in energy savings have been achieved by organisations who have taken part in the Sustainable Energy Authority of Ireland’s annual Sustainable Energy Awards. Now in its […]
18th May, 2015 – Renewable energy use in Ireland increased by 10% in 2014 while consumption of fossil fuels fell 1.2%. That is according to provisional energy data for 2014 published today by the Sustainable Energy Authority of Ireland (SEAI). The data also shows that primary energy use fell as the economy grew, continuing the […]