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Ireland Hydroelectric Power Plant Industry Analysis
Certainly, here's an analysis of the Hydroelectric Power Plant industry's current scenario, construction of new projects, major drivers, along with industry outlook in Ireland.
Current Scenario:
The hydroelectric power generation industry in Ireland is small, contributing only a small percentage of the country's electricity needs. There are currently only four operational hydroelectric plants in the country, with a total installed capacity of around 280 MW. These are the Ardnacrusha, Poulaphuca, Turlough Hill, and Cathleens Falls power plants.
Construction of New Projects:
Despite the limited current scenario, there are plans for new hydroelectric projects in Ireland. One such project is the Oweninny Power Plant in County Mayo, which will have a capacity of 100 MW and is expected to be completed in the near future. Another project is the Lisheen III scheme, which will have a capacity of 5 MW and will be located in County Tipperary.
Major Drivers:
The main driver for the development of hydroelectric power in Ireland is the country's commitment to renewable energy sources. The government has set a target for 40% of the country's electricity to come from renewable sources by 2020, and hydroelectric power is expected to play a role in meeting this target.
Industry Outlook:
The outlook for the hydroelectric power generation industry in Ireland is positive, with the government's commitment to renewable energy sources and the development of new projects. However, the industry faces challenges in terms of its small size and limited potential for expansion due to the country's geography. Nonetheless, the industry is expected to play a role in the country's transition to a more sustainable and renewable energy mix.
In conclusion, the hydroelectric power generation industry in Ireland is small, but has potential for growth with the development of new projects. The country's commitment to renewable energy sources is a major driver for the industry, but challenges such as the country's geography limit its potential for expansion. Nonetheless, the industry is expected to contribute to Ireland's renewable energy mix and play a role in the country's transition to a more sustainable energy future.
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