Republic of Ireland Renewable Energy Market Analysis Report 2025: Market to Grow by a CAGR of XX to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The Republic of Ireland's renewable energy market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the Irish government's ambitious climate targets and supportive policies incentivize renewable energy adoption across residential, commercial, and industrial sectors. Secondly, declining technology costs, particularly for solar and wind power, make these options increasingly economically viable. Thirdly, a growing awareness of climate change and sustainability among consumers and businesses fuels demand for cleaner energy sources. The market is segmented by energy type (solar, wind, hydroelectric), capacity (small-scale, large-scale), application (residential, commercial, industrial), and end-user (utilities, industries, households). Wind energy currently dominates the market, due to Ireland's favorable geographical conditions, but solar power is expected to witness significant growth, particularly in the residential sector. While the market faces challenges such as grid infrastructure limitations and intermittent renewable energy generation, ongoing investments in grid modernization and smart grid technologies are mitigating these constraints. Key players in the Irish renewable energy market include RES UK & Ireland Ltd, Electricite de France SA, Statkraft Ireland Ltd, Energia Group, Mainstream Renewable Power Ltd, and Orsted AS, amongst others. The market’s diverse range of participants reflects its dynamism and growth potential.

The forecast period of 2025-2033 indicates continued expansion, with hydroelectric power playing a consistent role alongside wind and solar. The large-scale sector will likely dominate due to its efficiency and ability to meet significant energy demands. However, the small-scale segment, particularly in the residential sector with rooftop solar, will show substantial growth as individual consumers actively participate in the transition to renewable energy. The commercial and industrial sectors will also drive growth by incorporating renewable energy sources to meet their sustainability goals and reduce operational costs. Continued government support, technological advancements, and increasing environmental awareness will be essential in ensuring the sustained expansion of Ireland's renewable energy sector throughout the forecast period. This makes the Republic of Ireland an attractive market for both established and emerging players in the renewable energy industry.

Republic of Ireland Renewable Energy Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the Republic of Ireland's renewable energy market, offering invaluable insights for investors, industry professionals, and policymakers. Covering the period 2019-2033, with a base year of 2025, this study forecasts robust growth driven by ambitious government targets, technological advancements, and increasing private investment. The report analyzes key segments – Solar, Wind, and Hydroelectric – across various capacities (small-scale and large-scale) and applications (residential, commercial, and industrial) for end-users including Utilities, Industries, and Households.

Republic of Ireland Renewable Energy Market Market Structure & Competitive Landscape

The Republic of Ireland's renewable energy market exhibits a moderately concentrated structure, with several major players vying for market share. Concentration ratios, while varying across segments, indicate a competitive landscape with opportunities for both established players and new entrants. Innovation is a key driver, fueled by advancements in wind turbine technology and solar panel efficiency, leading to increased capacity and reduced costs. Stringent government regulations play a significant role, shaping market dynamics through feed-in tariffs, renewable portfolio standards, and environmental regulations. While there are few direct substitutes for renewable energy sources, competing technologies within the renewable sector (e.g., onshore vs. offshore wind) influence market share distribution.

• Market Concentration: xx% of the market is controlled by the top 5 players in 2025.
• M&A Activity: The acquisition of Tullahennel wind farm by Greencoat Renewables in 2022 exemplifies the ongoing M&A activity, indicating consolidation within the sector. The volume of M&A deals is projected to reach xx Billion in the forecast period.
• End-User Segmentation: Utilities are the largest end-user segment, followed by industrial and residential sectors. The share of industrial sector is anticipated to grow due to increased adoption of renewable energy solutions by industries aiming to achieve carbon neutrality.
• Key Players: RES UK & Ireland Ltd, Electricite de France SA, Statkraft Ireland Ltd, Energia Group, Mainstream Renewable Power Ltd, Orsted AS (List Not Exhaustive).

Republic of Ireland Renewable Energy Market Market Trends & Opportunities

The Republic of Ireland's renewable energy market is poised for significant growth, driven by substantial government investment in renewable energy infrastructure and the increasing adoption of sustainable energy practices. The market is witnessing a notable shift toward larger-scale projects, reflecting economies of scale and advancements in technology. This trend is further amplified by consumer preferences that increasingly favor green energy solutions. The competitive landscape is characterized by intense competition amongst established players and the emergence of new entrants, resulting in innovative solutions and cost reduction. The market size is projected to reach xx Billion by 2033, exhibiting a CAGR of xx% during the forecast period. Market penetration rates for renewable energy are expected to significantly increase, exceeding xx% by 2033.

Dominant Markets & Segments in Republic of Ireland Renewable Energy Market

The wind energy segment dominates the Irish renewable energy market, followed by solar and hydroelectric power. Within the wind energy segment, large-scale projects account for a significant share of installed capacity, driven by favorable government policies and access to substantial offshore wind resources.

• Key Growth Drivers for Wind Energy:
  • Government incentives and supportive regulatory frameworks.
  • Abundant offshore wind resources.
  • Technological advancements leading to increased efficiency and reduced costs.
• Key Growth Drivers for Solar Energy:
  • Falling solar panel prices, making it increasingly cost-competitive.
  • Government support through schemes like the Renewable Electricity Support Scheme.
  • Increased awareness among residential and commercial consumers regarding environmental sustainability.
• Hydroelectric Power: While holding a smaller market share compared to wind and solar, Hydroelectric projects contribute significantly to the country’s renewable energy mix. Growth is limited by the availability of suitable sites for new hydroelectric plants.

Republic of Ireland Renewable Energy Market Product Analysis

Technological advancements in wind turbine design and solar panel efficiency have led to significant improvements in renewable energy generation capacity and cost reduction. These advancements, coupled with innovative energy storage solutions, enhance the reliability and grid integration of renewable energy sources. The market is witnessing a trend towards the integration of smart grid technologies, enabling better management of fluctuating renewable energy supply. The focus is on developing efficient, cost effective and environmentally sustainable renewable energy projects.

Key Drivers, Barriers & Challenges in Republic of Ireland Renewable Energy Market

Key Drivers:

• Government support through various schemes and policies.
• Increasing consumer demand for sustainable energy.
• Technological advancements resulting in cost reductions and increased efficiency.
• Growing awareness about climate change and the need for decarbonization.

Challenges:

• Grid infrastructure limitations to integrate intermittent renewable energy sources.
• Planning permissions and regulatory approvals can cause delays.
• Competition from fossil fuels and fluctuating energy prices. These create pricing uncertainty which affects investment decisions.

Growth Drivers in the Republic of Ireland Renewable Energy Market Market

The key drivers include government incentives, advancements in renewable energy technologies, and increasing consumer demand for sustainable energy solutions. The substantial investment in renewable energy infrastructure and the growing awareness about climate change are further accelerating market growth.

Challenges Impacting Republic of Ireland Renewable Energy Market Growth

Challenges include grid infrastructure limitations, regulatory hurdles related to project approvals, and competition from traditional energy sources. Supply chain issues may also create delays and cost increases.

Key Players Shaping the Republic of Ireland Renewable Energy Market Market

• RES UK & Ireland Ltd
• Electricite de France SA
• Statkraft Ireland Ltd
• Energia Group
• Mainstream Renewable Power Ltd
• Orsted AS

Significant Republic of Ireland Renewable Energy Market Industry Milestones

• February 2022: Greencoat Renewables PLC acquired the 37-MW Tullahennel wind farm in County Kerry, increasing its installed capacity to 837 MW.
• July 2021: Statkraft commenced construction on Ireland's largest solar farm, capable of powering over 40,000 homes.

Future Outlook for Republic of Ireland Renewable Energy Market Market

The Republic of Ireland's renewable energy market is set for continued expansion, driven by ambitious government targets and increasing private sector investment. Strategic opportunities exist in offshore wind, large-scale solar projects, and grid modernization to support the integration of intermittent renewable energy sources. The market’s growth potential is immense, presenting considerable opportunities for both established and emerging players in the renewable energy sector.

Republic of Ireland Renewable Energy Market Segmentation

• 1. Solar
• 2. Wind
• 3. Hydro
• 4. Other Types

Republic of Ireland Renewable Energy Market Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific