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POWER: Ireland’s Wind Output Saved €1.2bn in Gas Costs, Cut Emissions in 2024

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Wind generation in Ireland cut consumer gas costs by over €1.2bn and reduced carbon emission by 1.2 mn/t in 2024, with 32% of the country's power output coming from wind in January 2025, according to a report by Baringa and WindEnergyIreland.

  • Irish wind farms saved €748mn on gas imports and €268mn on carbon credits, while Northern Ireland saved an additional €213mn last year.
  • This led to the fossil fuel sector losing nearly €905mn, with an additional €324mn saved on carbon credits across the country.
  • Wind generation was particularly effective in March and December 2024, saving €120mn and €170mn respectively due to strong generation and high gas prices.
  • Additionally, in January 2025 wind provided 1.272TWh of electricity, with Cork leading in production at 150GWh, followed by Kerry, Offaly, Tipperary, and Galway.
  • However, grid capacity challenges limited further savings, highlighting the urgent need for infrastructure improvements to fully harness Ireland’s renewable potential, WindEnergyIreland noted.

 

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Wind generation in Ireland cut consumer gas costs by over €1.2bn and reduced carbon emission by 1.2 mn/t in 2024, with 32% of the country's power output coming from wind in January 2025, according to a report by Baringa and WindEnergyIreland.

  • Irish wind farms saved €748mn on gas imports and €268mn on carbon credits, while Northern Ireland saved an additional €213mn last year.
  • This led to the fossil fuel sector losing nearly €905mn, with an additional €324mn saved on carbon credits across the country.
  • Wind generation was particularly effective in March and December 2024, saving €120mn and €170mn respectively due to strong generation and high gas prices.
  • Additionally, in January 2025 wind provided 1.272TWh of electricity, with Cork leading in production at 150GWh, followed by Kerry, Offaly, Tipperary, and Galway.
  • However, grid capacity challenges limited further savings, highlighting the urgent need for infrastructure improvements to fully harness Ireland’s renewable potential, WindEnergyIreland noted.