Ireland has ranked 13th in the latest Renewable Energy Country Attractiveness Index (RECAI) published by EY. The biannual index examines the world’s top 40 markets on the attractiveness of their renewable energy investment and deployment opportunities.
The country has maintained a strong position in the rankings. Stephen Prendiville, Head of Sustainability at EY Ireland, commented: “The index reflects our robust market for onshore wind, and continued growth prospects for offshore wind and solar projects. When adjusted for GDP, Ireland climbs the rankings to 6th place, reflecting that we are very attractive for renewable energy development for the scale of our marketplace.”
According to Anthony Rourke, EY Ireland Government and Infrastructure Advisory Director, more regulatory support is necessary to drive uptake of renewable energy sources: “To reach net zero, the integration of renewables must improve. Distributed energy resources have a vital role in allowing a range of green energy sources to be integrated into the grid. Additionally, investment in smart grids will be key.”