{"id":506186,"date":"2026-06-18T14:12:16","date_gmt":"2026-06-18T14:12:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/506186\/"},"modified":"2026-06-18T14:12:16","modified_gmt":"2026-06-18T14:12:16","slug":"solar-soars-but-energy-costs-still-rising","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/506186\/","title":{"rendered":"Solar soars but energy costs still rising"},"content":{"rendered":"<p>The country&#8217;s solar capacity has jumped almost 300% since 2023, according to Solar Ireland&#8217;s annual report &#8220;&#8216;Scale of Solar 2026&#8221;.<\/p>\n<p>It shows that in the 12 months to the end of May the equivalent of 460,000 homes were powered by Ireland&#8217;s total connected solar capacity.<\/p>\n<p>During the same period, Ireland added 1 gigawatt of solar capacity.<\/p>\n<p>1 gigawatt can power around 10 million 100 watt lightbulbs or around 100 million low energy LED lights.<\/p>\n<p>Speaking on RT\u00c9&#8217;s Morning Ireland, the CEO of Solar Ireland Ronan Power said by the end of the year solar will have about 3 gigawatts of connected capacity, while wind currently has around 5 gigawatts.<\/p>\n<p>&#8220;In real terms that means over the last four years we&#8217;ve gone from effective standing start in the solar industry to get to that scale and the climate action target set for 2030 put the sector to try and drive towards 8 gigawatts,&#8221; Ronan Power said..<\/p>\n<p>&#8220;So all indicators would say that with the current run rate that we have, that we&#8217;re likely to get to that 8 gigawatts and become an even more significant part of the Irish energy and the Irish energy mix,&#8221; he said.<\/p>\n<p>The solar sector&#8217;s lobby group CEO said that they have seen a rise in demand residential solar as a result of the conflict in the Middle East.<\/p>\n<p>However he noted that the demand has been there for quite some time.<\/p>\n<p>&#8220;I think demand is being driven by an electrification strategy where we&#8217;re trying to decarbonise our electrical infrastructure here in Ireland,&#8221; said Mr Power.<\/p>\n<p alt=\"7.50am Business News\" class=\"tpe\" data-description=\"Presented by Gail Conway.\" data-embed=\"rte-player\" data-id=\"22622207\" data-ot-category=\"C0004\" data-title=\"Presented by Gail Conway.\" id=\"22622207\">We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.<a class=\"blocked-button\" href=\"https:\/\/www.rte.ie\/news\/business\/2026\/0618\/1579054-solar-irelands-annual-scale-of-solar-2026-report\/javascript:void(0);\" onclick=\"OneTrust.ToggleInfoDisplay()\" rel=\"nofollow noopener\" target=\"_blank\">Manage Preferences<\/a><\/p>\n<p>&#8220;We&#8217;ve seen a steady, large rollout of solar over the last number of years,&#8221; he said.<\/p>\n<p>&#8220;We have seen a peak over the last number of months due to the conflict, but I think mostly because people are looking at potential energy shock as a result of that, imported gas, and trying to take a little bit of control back into their own lives around generating their own electricity,&#8221; he added.<\/p>\n<p>Wind is still the biggest renewable contributor to the Irish electricity supply at 40%, but solar was at 3% in 2025 up from 2% the previous year.<\/p>\n<p>Despite the growth in solar and renewables electricity prices are still rising.<\/p>\n<p>This is down to how the wholesale market is set up and how the gas price set the price of power within Ireland, according to Mr Power.<\/p>\n<p>&#8220;We&#8217;ve seen changes made around gas price input caps around Europe, which have helped reduce the price of power, Spain being a good example,&#8221; he explained, &#8220;and there we&#8217;ve seen a reduction of potentially 24%&#8221;.<\/p>\n<p>&#8220;We need to be looking a little bit forward now around a market reform so that we can actually really get the benefits as we start to deploy more domestic led, solar and even wind generation here,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"The country&#8217;s solar capacity has jumped almost 300% since 2023, according to Solar Ireland&#8217;s annual report &#8220;&#8216;Scale of&hellip;\n","protected":false},"author":2,"featured_media":506187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-506186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/506186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=506186"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/506186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/506187"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=506186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=506186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=506186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}