Clean Energy Sector Shows Continued Growth

The global renewable energy sector created 500,000 new jobs last year, bringing the total number of people employed in the sector to more than 10 million for the first time.

The figures were contained in the International Renewable Energy Agency’s (IRENA) fifth Renewable Energy and Jobs – Annual Review showing the majority of jobs are found in six countries – China, Brazil, the US, India, Germany and Japan. This highlights the potential growth for the sector across the world. In Ireland, renewables now meet one-quarter of Ireland’s electricity demand and employ 4,400 people.

Revealing an increasingly regionalised picture, the report highlights countries where attractive policies exist and where the economic, social and environmental benefits of renewable energy are most evident.

The news follows the release of a global ranking prepared by Ernst & Young that shows Ireland positioned 24th in the Renewable Energy Country Attractiveness Index (RECAI). RECAI ranks 40 countries on their renewable energy investment and deployment opportunities. Last year, Ireland was placed in last position highlighting a marked increase in renewable energy attractiveness compared with 2017.

The report also states that proposals were unveiled in January for the Renewable Electricity Support Scheme (RESS) with tech-neutral auctions due from mid-2019, replacing the former Renewable Energy Feed-in Tariff (REFIT) scheme and the announcement of a new north – south interconnector as having a positive effect.

Vayu is committed to a clean energy future and we assist our customers in Ireland, Northern Ireland and the UK with a renewable energy strategy that suits their business needs.  Additionally, Vayu Energy has extensive experience in providing a route to market for small, medium and large generators via PPAs (Power Purchase Agreements). A PPA is a contract between two parties, one who generates electricity (the generator) and one who is looking to purchase electricity (Vayu).

Contact the team and learn how we can meet your energy needs: info@vayu.ie; 01 884 9400.