ESB Networks has said it will invest €10bn to make the country's electricity network "smarter and more flexible" by 2030.
The group's Networks for Net Zero Strategy will underpin efforts to deliver clean electricity and support the connection of renewables while also meeting anticipated increased demand for electricity with the growth of industry, new housing projects, and the electrification of transport and heating.
The plan has the wider goal of future-proofing the country's electricity network and progressing towards the set government target of net zero emissions by 2050.
The strategy outlines plans to enable 9GW of onshore wind, 8GW of solar, and at least 5GW of offshore wind power, and deliver the capability to manage up to 30% of all electricity demand flexibly.
It also aims to deliver a smart distribution network, connect renewable generation to enable up to 80% of decarbonised electricity, and to connect more than 300,000 new homes by 2030 in line with targets set in the Housing for All plan.
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ESB Networks said it would recruit a "significant number of people| over the next supply to drive delivery of the strategy, and also further develop global supply chain and contractor partner relationships.
“We are at a critical juncture in the climate crisis. Every energy group, company or organisation that I meet, I tell them that the grid is key to our renewable future," said Minister for the Environment, Climate and Communications Eamon Ryan.
"I welcome ESB Networks’ ambitious Strategy launched today as it outlines a clear roadmap of how our electricity system will play a key role in Ireland’s transition to net zero and address climate change challenges.”
“Building on its strong legacy, the ESB Networks’ Strategy recognises the importance of developing an electricity network that is prepared and equipped to adapt to meet the changing needs of Irish homes, farms and businesses and enable the decarbonisation of the Irish economy and society.
"I welcome in particular the planned multi-billion euro investment and significant recruitment drive to ensure our climate action targets are delivered upon.”
Nicholas Tarrant, managing director of ESB Networks, added: “Our Networks for Net Zero Strategy highlights ESB Networks’ leading role and commitment to delivering on the government’s Climate Action Plan targets for 2025 and 2030. This Strategy also commits ESB Networks to delivering a net zero-ready distribution network by 2040.
"This will accommodate high levels of renewable generation to provide clean electricity which will be used to replace fossil fuels wherever possible and enable the decarbonisation of Irish society.
"This strategy is about putting customers first and empowering everyone to be part of the journey to net zero. We are looking forward to leading the way, making transformational changes to address the climate challenge and supporting a vibrant modern Ireland for generations to come.”
Photo: Nicholas Tarrant. (Pic: Andres Poveda)
