The report, “Accelerating Renewables in Northern Ireland” was researched and written by KMPG, led by Russell Smyth, Head of Sustainable Futures, featuring input from across the Northern Ireland renewable eco-system. It focuses on grid, planning and market issues, which were identified as key failures by the renewable industry.
Key findings of the Accelerating Renewables report are:
Grid capacity is a primary concern for both new and operational assets;
An NI renewable electricity support scheme is vital to reinvigorate the market and reverse renewable development decline;
Planning timelines are highly uncompetitive, there is a lack of clarity on planning decision timelines, and is cited as a major barrier by renewable developers.
“In 2016 400 MW of new renewables were deployed in Northern Ireland” said Steven Agnew, Director of RenewableNI. “Since then, we have seen a huge drop off with only 70 MW brought online in the last four years. NI has been without a support scheme since the closure of NIRO in 2017. It is clear to see that a lack of support is having a major impact on development here. To put this into context last year ROI developed 20 times the amount of new renewable electricity generation. They benefit from a support scheme, shorter planning timelines and a government committed to climate action.”
According to report author Russell Smyth of KPMG, the company held individual and group consultations with a number of stakeholders in the industry and circulated a questionnaire to the wider renewable development community to assess market views.
“More than $350 billion of capital has poured into renewable infrastructure investment around the world in the first half of 2023, yet Northern Ireland has attracted virtually nothing in the past four years, with 82 percent of our survey respondents concluding NI is currently considered an unattractive investment location for renewables” said Mr Smyth.
Steven Agnew added that although NI has some of the best wind resources in the world, with 51 per cent of electricity consumed in Northern Ireland coming from renewables in 2022, it risks going from leaders to laggards, with only a few years to make the vital changes we need to make its 80 percent renewable electricity target achievable.
“This a legal obligation, therefore the recommendations in this report can't be ignored” Mr Agnew said.
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