Latest news with #Eirgrid
RTÉ News
15 hours ago
- Business
- RTÉ News
Moneypoint Power Station to end coal burning after 40 years
After 40 years of operation ESB is to cease burning coal at its Moneypoint Power Station in Co Clare from today. However, the plant will continue to provide security of supply for Ireland's electricity system by operating as a back-up out-of-market generator of last resort for Eirgrid. It will use heavy oil for electricity generation in place of coal for the next four years. ESB is continuing the transformation of its Moneypoint power station, at Kilrush in Co Clare, into a renewable energy hub by ending the use of coal for electricity generation six months earlier than planned. It is a significant milestone in the organisation's Net Zero carbon emissions strategy. Two years ago, it signed an agreement with EirGrid to keep the plant generating electricity using oil from 2025 up to 2029. It will only be required to operate when the electricity system is short of generating capacity, and only under instruction from EirGrid. Oil generation is less carbon intensive than coal generation, and the station is expected to see significantly less running during this four-year period. Moneypoint will remain a key site for ESB and for the Mid-West region as the station evolves and transforms to support the Irish government to achieve its climate targets. ESB commenced its transition away from fossil fuel generation at Moneypoint in 2017 with the construction of a 17MW onshore wind farm. In 2021, it announced Green Atlantic at Moneypoint, 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 utilise ever increasing amounts of use of renewable electricity. The Moneypoint power station has been operating since the mid 1980s. It contains three separate coal-fired power generating units, capable of producing up to 305 MW of electricity each, giving the plant a total electricity generation capacity of 915 MW. At its peak of operation, it was capable of supplying about a quarter of Ireland's total electricity needs. However, in recent years its contribution has been significantly lower than that. Before the Moneypoint station was built Ireland was very heavily dependent on imported oil for the generation of electricity. However, the oil crises of 1973 and 1979, and the crippling shortages that resulted, underscored domestic and international fears about the security of that oil supply. It was because of that it was considered a good idea to include a substantial coal-fired power station in the electricity production mix. Coal is the most carbon intensive of all fossil fuels and is about 25% more carbon intensive per unit of electricity generated than Heavy Fuel Oil it replaced. However, back in the 1980's when Moneypoint was commissioned very little attention was paid to the issue of carbon emissions from burning fossil fuels for electricity. It that regard is perhaps ironic now that, as Ireland is ending the use of coal for electricity generation because of climate policy, it is temporarily reverting to burning the same type of oil for electricity that was being used before the three coal-fired units at Moneypoint were commissioned in the first place. This time round however, Moneypoint will not be active in the wholesale electricity market and will in effect only be operated for limited hours. It will be used as a back-up, out of market generator, that Eirgrid can call on any time they need extra generation capacity to ensure a stable supply of electricity for the Irish market. This means nevertheless that it will remain a critical station for the security of supply for the Irish electricity system, particularly over the winter period, and it will still be a significant source of carbon emission because it will burn a fossil fuel, oil. ESB has installed two massive heavy fuel oil storage tanks at Moneypoint with a capacity between them of 50,000 tonnes. Prior to this, the plant had the capacity to store enough coal for the generation of up to three months' supply of electricity. It is intended that the back-up generation of electricity at the plant using heavy fuel oil will cease in 2029.
Irish Examiner
06-06-2025
- Business
- Irish Examiner
Solar power delivers record 173 Mwh during sunny May
Solar power reached its highest recorded figure on the national electricity grid in May, as Ireland recorded its warmest and sunniest spring in history. Provisional data from the national grid operator EirGrid shows 173,163 MWh of electricity was produced from grid-scale solar in May, representing 6.5% of electricity generated for the month. In comparison, May 2023 saw 2.7% of all electricity come from solar power, accounting for 71,731 MWh of electricity. There were also a number of new peaks for grid-scale solar activity for a one-minute period, reaching 755 MW at one point on May 17, beating the record of 752 MW set two days earlier. Overall, electricity system demand was 2.7 GWh for May, similar to last year. Of the 32.5% of electricity generated from renewables last month, the majority came from wind, which accounted for 22.5%, while 6.5% came from solar, and the remainder of renewable generation came from other sources, including hydro and biomass. Gas generation accounted for 39% of the electricity produced, with 22.8% being imported via interconnection and 4.6% coming from coal. Eirgrid said Ireland's grid can currently accommodate up to 75% of electricity from renewable sources at any one time. 'While onshore wind remains the prominent renewable source of electricity in Ireland, solar power has become a notable feature of the Irish power system over the last two years in particular, and we may see further records being reached over the coming summer months," Diarmaid Gillespie, Director of System Operations at EirGrid said. We also continue to see electricity imports contributing significantly to our fuel mix in meeting electricity demand. Met Éireann this week reported that spring 2025 was Ireland's warmest and sunniest in 126 years of recorded data. Most weather stations recorded the highest total hours of sunshine for the season, making it the sunniest spring ever recorded, according to the national meteorological service. The season's highest temperature was observed in Athenry, Co Galway, on a Wednesday in May, when the mercury hit 25.9C — the highest spring temperature in 15 years of local records. Read More John Gibbons: East Cork solar farm row shows politicians must get off the fence on renewables
Business Post
26-05-2025
- Business
- Business Post
O'Leary edges closer to €100m deal as Ryanair share price rises
Markets in Europe recovered from the sudden shock of Trump's tariff announcement... New research from the New York Federal Reserve Bank shows how job prospects for arts... The Iseq All Share closed out the start of the week in the green, rising 0.82 per... The former chief executive of Eirgrid has urged the government to 'immediately'... The European Union said it agreed to accelerate negotiations with the US to avoid... Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring... The euro could become a viable alternative to the dollar, earning the 20-nation bloc...
Business Post
26-05-2025
- Business
- Business Post
Iseq closes in the green, bouyed by climbing Glenveagh shares
Markets in Europe recovered from the sudden shock of Trump's tariff announcement... New research from the New York Federal Reserve Bank shows how job prospects for arts... The Iseq All Share closed out the start of the week in the green, rising 0.82 per... The former chief executive of Eirgrid has urged the government to 'immediately'... The European Union said it agreed to accelerate negotiations with the US to avoid... Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring... The euro could become a viable alternative to the dollar, earning the 20-nation bloc...
Business Post
26-05-2025
- Business
- Business Post
Euro could become the dollar's alternative, Lagarde says
New research from the New York Federal Reserve Bank shows how job prospects for arts... The Iseq All Share closed out the start of the week in the green, rising 0.82 per... The former chief executive of Eirgrid has urged the government to 'immediately'... The European Union said it agreed to accelerate negotiations with the US to avoid... Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring... The euro could become a viable alternative to the dollar, earning the 20-nation bloc... Taoiseach Micheál Martin has welcomed US President Donald Trump's move to extend...
