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Irish Examiner
36 minutes ago
- Irish Examiner
Moneypoint ends coal generation early as ESB shifts focus to renewable energy hub
Coal generation has ended earlier than expected at Moneypoint Power Station in Co Clare. After 40 years, the ESB, which operates the station, announced it has transformed the site into a renewable energy hub as coal generation came to a close. Moneypoint began its transition away from fossil fuels in 2017 with the construction of a 17MW onshore wind farm. In 2021, ESB announced a multi-billion-euro plan to transform the site into one of the country's largest renewable energy hubs, utilising its deep-water port and existing infrastructure. Phase one of this plan was completed in 2022 with a €50 million investment in Ireland's first synchronous compensator — a zero-carbon technology that allows the system to handle increasing amounts of renewable electricity. CLIMATE & SUSTAINABILITY HUB In 2023, ESB and EirGrid signed an agreement to keep Moneypoint available (to generate electricity using oil) from 2025 to 2029. The station will only be required to operate when the electricity system is short on capacity, and only under instruction from EirGrid. Oil generation is less carbon-intensive than coal, and the station is expected to run significantly less often during these four years. On Friday, Minister of State at the department of agriculture, Timmy Dooley, visited the site alongside ESB Chief Executive Paddy Hayes. Speaking about the move, Mr Dooley said: "The early end of coal generation at Moneypoint represents a significant milestone for ESB and is another important step in Ireland's energy transformation. "It is the people of the Mid-West that have made this possible and I am delighted that the site will continue to play a critical role in securing Ireland's electricity supply for a number of years to come." Mr Hayes said: "Moneypoint, the teams working here, and the communities across West Clare have been at the heart of powering Ireland's electricity system for the best part of 40 years so far – and I would like to thank all those who have played a part in that." Ireland's 2030 target under the EU's Effort Sharing Regulation (ESR) is to reduce greenhouse gas emissions by at least 42% by the end of the decade. Climate Minister Darragh O'Brien said: "Today, the next step of the station's journey is beginning as the shift from coal to oil takes place. This is not just a significant move for ESB but also for the country as a whole as Ireland powers forward to deliver the clean energy transition underpinned by a secure electricity system.
RTÉ News
an hour ago
- RTÉ News
Greenore port now included in CSO main port statistics
New figures from the Central Statistics Office show that Irish ports handled a total of 12.9 million tonnes of goods in the first quarter of 2025, an increase of 7% compared with the same time last year. The CSO said that goods forwarded from from Irish ports amounted to four million tonnes while nine million tonnes of goods were received in the first three months of the year. The CSO said the port of Greenore in Co Louth met the criteria to be included as a main statistical port for the first time in the latest three month period under review. Greenore joins Bantry Bay, Cork, Drogheda, Dublin, Rosslare, Shannon Foynes and Waterford, and increases the total number of main statistical ports in Ireland from seven to eight. This is the first time the number of statistical ports in Ireland has increased since this series began in the first quarter of 2017, the CSO noted. Today's CSO figures show that a total of 2,557 vessels arrived in Irish ports in the first quarter of this year compared with 2,488 the same time last year. Dublin Port accounted for 58% of vessel arrivals and for 47% of the total tonnage of goods handled in the three month period. They also reveal that Great Britain & Northern Ireland accounted for 29% of the total tonnage of goods handled in the main ports by region of trade, while EU countries accounted for 48% of the total tonnage of goods.
Irish Post
an hour ago
- Irish Post
Ireland is now officially one of the most expensive countries in the EU
IRELAND is the second most costly country in the EU for everyday goods and services, according to new figures from Eurostat. Prices are nearly 40% above the EU average, up from 28% in 2015, with only Denmark beating out Ireland to the top spot. Ireland is the most expensive in the EU for tobacco and alcohol – with prices more than double the average - driven by high taxes and minimum unit pricing. Alcohol overall is the second most expensive in the bloc, only behind Finland. Food and drinks cost nearly 15% more than the EU average, making Ireland the third most expensive, after Denmark and Luxembourg. However, this marks an improvement from 2020, when prices were 20% above the average. Hotel and restaurant prices are also high, ranking second in the EU at nearly 30% above the average. Communication costs are almost 40% higher, while electricity and gas are nearly 20% above the norm, placing Ireland third in energy costs. Although in contrast, clothing prices are 1% below the EU average and cheaper than many Baltic countries. The data also included non-EU nations like Iceland and Norway, which typically report even higher costs. Daragh Cassidy from the website Bonkers said the data confirms what many already know: Ireland is expensive. Businesses face high insurance and energy costs, which get passed on to consumers. Cassidy added that while Ireland is unlikely to ever be a cheap country, high costs often come with a high standard of living - as seen in places like Scandinavia. He suggested lowering the 23% VAT rate to help ease the burden, which remains one of the highest in the world. See More: Bonkers, Cost Of Living, Daragh Cassidy, EU, Eurostat
