RenewableNI has welcomed the launch of the Department for the Economy’s “Design considerations for a Renewable Electricity Support Scheme for Northern Ireland”.
The consultation, which was committed to in the Energy Strategy 2022 Action Plan, is a key element to achieving the 80% renewable electricity target by 2030.
Steven Agnew, Director, said:
“This could be a game changer for the development of renewable electricity in Northern Ireland.
“Since 2017, Northern Ireland has been the only part of these islands without such a scheme. As a result, we have gone from leaders to laggers in terms of renewable development.
“In addition, this will help stabilize prices for consumers by setting a long-term price for renewable electricity.
“It is vital delivery follows quicky after consultation. We have seven years to double our renewable electricity generation.
“Achieving 80% renewables could result in over £5bn of private investment in Northern Ireland, reduce electricity prices and significantly reduce carbon emissions.”
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