Bord Gáis Energy Invests €1 Billion for Ireland's Energy Transition (2024-2029)
Bord Gáis Energy is investing €1 billion to support Ireland's low-carbon energy transition by enhancing infrastructure and solutions from 2024 to 2029. This investment is crucial for ensuring energy security while scaling renewable energy and storage solutions to meet future demands.
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Bord Gáis Energy will invest €1 billion from 2024-2029 to advance Ireland's energy transition. The company currently operates 1GW of energy generation and plans to double its renewable portfolio by 2028, providing nearly 1 TWh of clean electricity annually.
Key projects include the development of gas peaking plants in Dublin and Athlone, and the Cashla Peaker Plant in Galway, which will stabilize the grid. Additionally, the Kestrel Project will convert decommissioned gas fields into long-duration energy storage, aiding in energy security.
The establishment of Centrica's Global Power Control Centre in Athlone will enhance operational capability across multiple countries. This strategic investment positions Bord Gáis Energy as a leader in Ireland's transition to a sustainable energy future.
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