SHARING OPTIONS:
Farmers have got the raw end of the deal when it comes to our country’s policy on wind energy.
After a slow start, Ireland’s renewable electricity story is likely to be a successful one.
Currently, well over one-third of the country’s electricity needs is generated from renewable sources and the industry is quietly confident of hitting our 70% target by 2030.
This is largely due to the natural competitive advantage we enjoy when it comes to wind generation capacity.
Under the climate action plan, the Government is targeting 70% renewable energy generation in Ireland by 2030.
The target is for 8,200 megawatts (MW) to be generated by onshore wind farm developments, an almost doubling of existing capacity of 4,200MW.
MIDDLEFIELD CANADIAN INCOME PCC
a cell of the Company
For the year ended 31 December 2020
55
59
60
67
68
Equity of the Fund
70
71
87
90
91
Middlefield Canadian Income Trust
Targeting high levels of stable income and capital growth, this Trust is primarily focused on Canada’s highest quality large cap businesses. This Trust is run by a private and independent asset manager located in Toronto, Canada and has delivered consistent and material income for UK investors for more than a decade.
Objective
The Fund seeks to provide shareholders with high levels of dividend income as well as capital growth over the long term.
Reasons to Buy
Unique
Advertisement
Delivering the onshore wind energy targets in the Climate Action Plan will generate €2.7 billion of investment over the next 10 years, create thousands of new jobs, and could be worth €550 million per annum to the Irish economy.
The figures come from a new report, ‘Economic Impact of Onshore Wind in Ireland’, produced by KPMG for Wind Energy Ireland and launched at the association’s Annual Conference on 15 April 2021. It is the most comprehensive economic analysis of the industry done to date.
Noel Cunniffe, Acting Chief Executive Officer for Wind Energy Ireland, said: “Onshore wind energy is employing more than 5000 people today and investing hundreds of millions in our economy, primarily in rural Ireland. Today’s report from KPMG shows that if we deliver the target set out in the Climate Action Plan it will mean more jobs, more investment and stronger communities across the country.”
Friday, 16 April 2021
Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI).. Garacummer Wind Farm (Brookfield Renewables)
With the acquisition of BRI, Ørsted enters the European onshore market. BRI, headquartered in Cork, Ireland, is a developer, owner, and operator of onshore wind farms. BRI has an attractive portfolio of 389 MW in operation and under construction, 149 MW advanced development, and more than 1 GW of development pipeline in Ireland and the UK. Ørsted entered the onshore renewables business in 2018 with an initial focus on the US. Today, Ørsted s onshore business has reached a meaningful scale with an operating and in construction portfolio of 4 GW of wind and solar and a strong pipeline of further projects in development. The growth over the past year ranks the business