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Ireland Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2021-2030

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

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

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

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.

Key Players

Greencoat Renewables PLC, Amarenco Solar Ltd, Altas Investments Plc, Allied Solar, Allard Renewable Energy

Table of Contents

| Table of Contents

| List of Tables

| List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2020

1.2 Primary Energy Consumption, Global, 2001–2020

1.3 Report Guidance

2. Renewable Power Market, Ireland

2.1 Renewable Power Market, Ireland, Installed Capacity, 2010-2030

– Renewable Power Market, Ireland, Cumulative Installed Capacity by Source, 2010-2030

– Renewable Power Market, Ireland, Cumulative Installed Capacity Share by Source, 2020 and 2030

– Renewable Power Market, Ireland, Net Capacity Additions by Source, 2021-2030

– Renewable Power Market, Ireland, Capacity Growth by Source, 2020-2030

2.2 Renewable Power Market, Ireland, Power Generation, 2010-2030

– Renewable Power Market, Ireland, Power Generation by Source, 2010-2030

– Renewable Power Market, Ireland, Growth in Power Generation by Source, 2020-2030

3. Solar PV Market, Ireland

3.1 Solar PV Market, Ireland, Installed Capacity, 2010-2030

3.2 Solar PV Market, Ireland, Power Generation, 2010-2030

3.3 Solar PV Market, Ireland, Market Size, 2010-2025

3.4 Solar PV Market, Ireland, Power Plants

– Solar PV Market, Ireland, Major Active Plants

– Solar PV Market, Ireland, Snapshot of Upcoming Plants

– Solar PV Market, Ireland, Key Under-construction Projects

3.5 Solar PV Market, Ireland, Deal Analysis, 2020

– Solar PV Market, Ireland, Deal Volume vs. Deal Value, 2012–2020

– Solar PV Market, Ireland, Split by Deal Type, 2020

4. Renewable Energy Policy Framework, Ireland

4.1 Renewable Energy Market, Overview

4.2 Renewable Energy Targets

4.3 Renewable Energy Support Scheme (RESS)

Auction Design

RESS 1 Auction

4.4 National Energy and Climate Plan 2021-2030

4.5 Programme for Government – Our Shared Future

Mission: A Green New Deal

4.6 Hydrogen Energy

4.7 Biofuel Obligation

4.8 Offshore Renewable Energy Development Plan

4.9 Micro generation Support Scheme

4.10 Carbon Tax

4.11 Project Ireland 2040

5. Solar PV Power Market, Ireland, Company Profiles

5.1 Greencoat Renewables PLC

– Greencoat Renewables PLC – Company Overview

– Greencoat Renewables PLC – Head Office

5.2 Amarenco Solar Ltd

– Amarenco Solar Ltd – Company Overview

– Amarenco Solar Ltd – Major Products and Services

– Amarenco Solar Ltd – Head Office

5.3 Altas Investments Plc

– Altas Investments Plc – Company Overview

– Altas Investments Plc – Major Products and Services

– Altas Investments Plc – Head Office

5.4 Allied Solar

– Allied Solar – Company Overview

– Allied Solar – Major Products and Services

– Allied Solar – Head Office

5.5 Allard Renewable Energy

– Allard Renewable Energy – Company Overview

– Allard Renewable Energy – Major Products and Services

– Allard Renewable Energy – Head Office

6. Appendix

6.1 Abbreviations

6.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

6.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Table 2: Primary Energy Consumption, Global, 2001–2020

Table 3: Renewable Power Market, Ireland, Cumulative Installed Capacity by Source (MW), 2010-2030

Table 4: Renewable Power Market, Ireland, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Table 5: Renewable Power Market, Ireland, Net Capacity Additions by Source (MW), 2021-2030

Table 6: Renewable Power Market, Ireland, Capacity Growth by Source, 2020-2030

Table 7: Renewable Power Market, Ireland, Power Generation by Source (GWh), 2010-2030

Table 8: Renewable Power Market, Ireland, Growth in Power Generation by Source, 2020-2030

Table 9: Solar PV Market, Ireland, Installed Capacity (MW), 2010-2030

Table 10: Solar PV Market, Ireland, Power Generation (GWh), 2010-2030

Table 11: Solar PV Market, Ireland, Market Size, 2010-2025

Table 12: Solar PV Market, Ireland, Major Active Plants

Table 13: Solar PV Market, Ireland, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Ireland, Key Under-construction Projects

Table 15: Solar PV Market, Ireland, Deal Volume vs. Deal Value ($m), 2012–2020

Table 16: Solar PV Market, Ireland, Deals by Type, 2020

Table 17: RESS Auction Stages, Ireland

Table 18: RESS I Auction Provisional Results, Ireland, 2020

Table 19: Energy and Emission Targets, NECP, Ireland, 2021-2030

Table 20: SFCT rates effective from 1 May 2021, Ireland

Table 21: Amarenco Solar Ltd, Major Products and Services

Table 22: Altas Investments Plc, Major Products and Services

Table 23: Allied Solar, Major Products and Services

Table 24: Allard Renewable Energy, Major Products and Services

Table 25: Abbreviations

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Figure 2: Primary Energy Consumption, Global, 2001–2020

Figure 3: Renewable Power Market, Ireland, Cumulative Installed Capacity by Source (MW), 2010-2030

Figure 4: Renewable Power Market, Ireland, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Figure 5: Renewable Power Market, Ireland, Net Capacity Additions by Source (MW), 2021-2030

Figure 6: Renewable Power Market, Ireland, Capacity Growth by Source, 2020-2030

Figure 7: Renewable Power Market, Ireland, Power Generation by Source (GWh), 2010-2030

Figure 8: Renewable Power Market, Ireland, Growth in Power Generation by Source, 2020-2030

Figure 9: Solar PV Market, Ireland, Installed Capacity (MW), 2010-2030

Figure 10: Solar PV Market, Ireland, Power Generation (GWh), 2010-2030

Figure 11: Solar PV Market, Ireland, Market Size, 2010-2025

Figure 12: Solar PV Market, Ireland, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Ireland, Deal Volume vs. Deal Value ($m), 2012–2020

Figure 14: Solar PV Market, Ireland, Split by Deal Type (%), 2020

Frequently Asked Questions

The cumulative installed capacity for the Ireland solar PV market was 40.19 MW in 2020

 

 

The Ireland solar PV market is expected to grow at a CAGR of over 51% during the forecast period.

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.

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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