AIB is now shopping for renewable vitality from a photo voltaic farm in Gorey, County Wexford.
Again in 2022, the financial institution signed a Company Energy Buy Settlement (CPPA) with NTR, a developer of renewable vitality initiatives, to supply vitality from two photo voltaic farms in County Wexford – which NTR has now constructed.
The second photo voltaic farm in Enniscorthy is because of come on stream within the coming months.
As soon as each farms are operational, the financial institution stated they’ll present as much as 80% of its electrical energy must service its retail and workplace community of over 270 properties, whereas offering extra era capability into the nationwide grid.
It stated the 2 farms mixed will create 21.4 GWh of recent renewable vitality.
“We’re delighted to see our partnership with NTR now delivering photo voltaic vitality from a completely traceable renewable vitality supply and stay up for extra photo voltaic vitality approaching stream in coming months,” stated Colin Hunt, CEO of AIB.
“The Company Energy Buy Settlement is consistent with authorities coverage to harness extra personal sector funding in renewable vitality applied sciences in Eire, to make sure safety of renewable vitality provide and to cut back greenhouse gasoline emissions as we collectively search to guard our folks, our planet and our prosperity from the destructive impacts of local weather change,’’ he added.
On condition that seen gentle drives photo voltaic panels, the financial institution famous that Eire’s lengthy summer time days, significantly within the sunny south east of the nation, make photo voltaic an vital useful resource for Eire to develop.
It stated this settlement with NTR will make sure the financial institution will has a certifiable sustainable vitality provide at a hard and fast value for 15 years.
