2020 – Good news for renewable energy companies in Ireland

renewable energy companies

This week the COP25 (twenty-fifth Conference of the Parties) is being held in Madrid, where the heads of state and government of almost 200 countries (including Ireland), or on their behalf the ministers, take decisions to try to mitigate the effects of the climate crisis derived from human action. 

According to the latest CCPI (Climate Change Performance Index) report issued at the COP25 climate change meeting, Ireland has improved seven positions over the previous year because it has managed to reduce carbon emissions. In addition, it plans to continue reducing them thanks to the increase in the price of carbon in a long-term target for 2050. 

On the other hand, Ireland has the goal of achieving that 70% of the energy consumed in the country in 2030 is generated through renewable energies. As a wind-rich country, it has begun an experimental deep-water wind project to make the most of this marine resource. Currently, it only produces 30% through clean sources, with gas being the main resource used.

Wind farms in Ireland are booming. The Spanish company Iberdrola will invest 100 million euros in renewable energy projects and storage by 2025, in order to grow in the Irish energy market, through its British subsidiary ScottishPower.

There is still a long way to go, as Ireland’s per capita emissions remain at a high level, as in the other member countries. However, the above-mentioned data echo the intention to be an efficient country, with a strategic plan for progress and future. Once again, the country proves to be among the elite of countries whose improvement strategy is based on sustainable development.

If your company is directly or indirectly related to the renewable energy business, now is the time to establish its headquarters in Ireland. The business opportunities are endless and success is more than assured. In addition, it offers many facilities to established companies, startups and small entrepreneurs. As you know, it maintains the lowest corporate taxes in the world (12.5%). 

At ISEA we can help you embark on a new stage of business in Ireland. If you do not know where to start and you want to solve your doubts, contact us, we will be happy to advise you and accompany you on the road to entrepreneurship abroad.

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