Ireland Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2021-2030
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The cumulative installed capacity for the solar photovoltaic (PV) market in Ireland was 40.19 MW in 2020. The market is expected to grow at a CAGR of over 51% during the forecast period. Private equity was the largest deal type in the market followed by acquisitions and debt offerings. The cumulative number of deals in the solar PV sector during the 2012-2020 period in Ireland was approximately 32.
Overview of the Ireland solar PV market
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What are the market dynamics in the Ireland solar PV market?
The Irish government envisages achieving 70% of electricity generation from renewables by 2030. Ireland’s renewable policies adhere to the European renewable energy target, and the government’s National Climate and Energy Plan (NECP) 2021-2030 was submitted in 2019. Under its NECP, the government has set indicative targets to achieve capacities of 3.5GW of offshore wind, 1.5 GW of grid-connected solar PV, and 8.2 GW of onshore wind. The Irish government also introduced the ‘Programme for Government’ in 2020 covering major aspects of the economy and is set as a roadmap for the next decade and for long-term goals. The ‘Mission: A Green New Deal’ section of the Programme for Government covers key measures for the development of renewable power in the country. The Renewable Energy Feed-In Tariff (REFIT) mechanism was introduced to assist Ireland to meet its obligation to increase the consumption of renewable electricity. There are 145 solar plants in permitting stage and 6 plants under construction. Moreover, Ireland has 2 plants in the financed stage and 2 plants that have been announced.
Which are the major active solar PV plants in Ireland?
The major active solar PV plants in Ireland are Dunderrow Solar PV Park, Dale Farm Solar PV Park, Enerpower Rooftop Solar PV Park, Ballymagee Primary School Solar Park, Harberton Special School Solar Park, St Comhgall’s College Solar Park, and Drumnamore Nursery School Solar Park. Dunderrow Solar PV Park and Dale Farm Solar PV Park have the highest total capacity among these plants followed by Enerpower Rooftop Solar PV Park and Ballymagee Primary School Solar Park.
What are the key deal types in the Ireland solar PV market?
The solar PV market recorded a total number of 11 deals (including partnership deals) in 2020. Out of 11 deals, private equity had the maximum number of deals followed by asset transactions, equity offerings, partnerships, acquisitions, and debt offerings.
Ireland solar PV market, by deal type
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Who are the major players in Ireland solar PV market?
The key players in the solar PV market of Ireland are Greencoat Renewables PLC, Amarenco Solar Ltd, Altas Investments Plc, Allied Solar and, Allard Renewable Energy.
Ireland solar PV market, by key players
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Market report scope
Market size (2020) | 40.19 MW |
Growth rate (CAGR) | >51% |
Base year for estimation | 2020 |
Forecast period | 2021-2030 |
Key deal types | Private Equity, Asset Transactions, Equity Offerings, Partnerships, Acquisitions, and Debt Offerings |
Key players | Greencoat Renewables PLC, Amarenco Solar Ltd, Altas Investments Plc, Allied Solar, and Allard Renewable Energy |
The report analyses the Ireland solar photovoltaic (PV) market. The scope of the research includes:
- The report analyses Ireland’s solar photovoltaic (PV) market. The scope of the research includes –
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2030), generation trends (2010-2030), and installed capacity split by various renewable power sources.
- Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
- Deal analysis of the country’s solar PV market.
- Key policies and regulatory framework supporting the development of solar PV.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s solar PV market.
- Facilitate decision-making based on strong historic and forecast data for the solar PV market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Amarenco Solar Ltd
Altas Investments Plc
Allied Solar
Allard Renewable Energy
Table of Contents
Table
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Frequently asked questions
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What was the cumulative installed capacity for the solar PV market in Ireland in 2020?
The cumulative installed capacity for the Ireland solar PV market was 40.19 MW in 2020
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What is the growth rate of the solar PV market in Ireland?
The Ireland solar PV market is expected to grow at a CAGR of over 51% during the forecast period.
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What are the top deal types in the Ireland solar PV market?
The solar PV market recorded a total number of 11 deals (including partnership deals) in 2020. Out of 11 deals, private equity had the maximum number of deals followed by asset transactions, equity offerings, partnerships, acquisitions, and debt offerings.
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Who are the key players in Ireland solar PV market?
The key players in the solar PV market of Ireland are Greencoat Renewables PLC, Amarenco Solar Ltd, Altas Investments Plc, Allied Solar, and Allard Renewable Energy.
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