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. Driven by ambitious government targets for renewable energy integration, coupled with increasing environmental awareness and falling technology costs, the market is witnessing significant investment across various segments. Solar, wind, and hydroelectric power sources are leading the charge, with large-scale projects dominating the capacity landscape. However, the growth of small-scale renewable energy installations in residential and commercial sectors is also noteworthy, driven by government incentives and decreasing upfront costs. Key players like RES UK & Ireland Ltd, Electricite de France SA, and Statkraft Ireland Ltd are actively shaping the market landscape, contributing to the expansion of renewable energy generation and grid infrastructure. While regulatory hurdles and grid integration challenges present some constraints, the overall outlook remains positive, indicating a strong potential for continued expansion throughout the forecast period.

The strong performance is further fueled by increasing energy independence goals and a proactive approach to combating climate change. The Irish government's commitment to sustainable energy sources is attracting substantial foreign investment, boosting project development and job creation. The segmentation by application (residential, commercial, industrial) reveals a diversified market, indicating sustained demand from various end-users (utilities, industries, households). While specific market size figures for 2025 are unavailable, based on a projected CAGR of over 7% and considering the current market dynamics, a reasonable estimate for the 2025 market size could be in the range of €1.5 - €2 billion, assuming a starting point from the historical data (2019-2024) not provided. Further growth is anticipated as Ireland continues to advance its renewable energy infrastructure and policies.

Republic of Ireland Renewable Energy Market: A Comprehensive Report (2019-2033)

This in-depth report provides a comprehensive analysis of the Republic of Ireland renewable energy market, offering valuable insights for investors, industry professionals, and policymakers. The study covers the historical period (2019-2024), base year (2025), and forecasts the market's trajectory until 2033. The report segments the market by type (solar, wind, hydroelectric), capacity (small-scale, large-scale), application (residential, commercial, industrial), and end-user (utilities, industries, households), providing a granular understanding of this dynamic sector. Key players such as RES UK & Ireland Ltd, Electricite de France SA, Statkraft Ireland Ltd, Energia Group, Mainstream Renewable Power Ltd, and Orsted AS are analyzed, alongside emerging trends and opportunities. The market size is presented in Million units throughout the report.

Republic of Ireland Renewable Energy Market Market Dynamics & Structure

This section analyzes the Republic of Ireland's renewable energy market structure, examining market concentration, technological innovation, regulatory frameworks, and competitive dynamics. The analysis incorporates quantitative data on market share and M&A activity, alongside qualitative factors influencing market evolution. The study period is 2019-2033, with 2025 serving as the base year.

• Market Concentration: The Irish renewable energy market exhibits a moderately concentrated structure, with a few large players holding significant market share. However, increasing participation from smaller independent power producers is observed. xx% of the market is controlled by the top 5 players in 2025.

• Technological Innovation: Significant advancements in wind turbine technology (e.g., increased efficiency, larger capacity) and solar PV technology (e.g., improved panel efficiency, reduced costs) are driving market growth. Innovation in energy storage solutions is also crucial for improving grid stability.

• Regulatory Framework: The Irish government's supportive policies, including renewable energy targets and feed-in tariffs, are key drivers of market expansion. Regulatory changes and streamlining of permitting processes are ongoing challenges.

• Competitive Product Substitutes: While renewable energy sources are increasingly competitive against fossil fuels, ongoing challenges exist in terms of grid integration and energy storage.

• End-User Demographics: The residential, commercial, and industrial sectors all represent significant end-user segments, with growth varying based on government incentives and economic factors.

• M&A Trends: The market has witnessed significant M&A activity in recent years, driven by the consolidation of market players and the pursuit of economies of scale (e.g., Greencoat Renewable's acquisition of the Tullahennel wind farm). The total value of M&A deals in the sector reached xx Million in 2024.

Republic of Ireland Renewable Energy Market Growth Trends & Insights

This section details the growth trends of the Republic of Ireland's renewable energy market from 2019 to 2033. The analysis leverages various data sources and models to assess market size evolution, adoption rates, and technological disruptions. Key metrics, such as compound annual growth rate (CAGR) and market penetration, are provided to offer deeper insights. The wind energy segment is projected to maintain its dominant position, fueled by ongoing policy support and advancements in turbine technology. Solar energy is expected to experience robust growth, driven by decreasing costs and increasing deployments, particularly large-scale projects. The report further assesses consumer behavior shifts towards renewable energy adoption, highlighting factors such as increasing environmental awareness and decreasing costs. The market is expected to grow at a CAGR of xx% during the forecast period (2025-2033), reaching a market size of xx Million by 2033.

Dominant Regions, Countries, or Segments in Republic of Ireland Renewable Energy Market

This section identifies the leading regions, countries, or segments within the Irish renewable energy market driving overall growth. The analysis considers factors such as economic policies, infrastructure development, and resource availability. Wind energy remains the dominant segment, with significant capacity additions across the country. However, coastal regions and areas with high wind speeds are particularly favorable. The growth of the solar energy segment is likely to be concentrated in areas with high solar irradiance and favorable land availability. Specific focus is given to analyzing market share and growth potential for each segment, including small-scale and large-scale projects across various applications (residential, commercial, and industrial) and end-users (utilities, industries, and households).

• Wind Energy: Dominant segment due to favorable wind resources and government support. Large-scale projects account for the majority of capacity.

• Solar Energy: Rapidly growing segment, with significant potential for future expansion, particularly large-scale solar farms.

• Hydroelectric Energy: While a smaller contributor, hydroelectric projects continue to play a role, particularly in specific regions with suitable water resources.

Republic of Ireland Renewable Energy Market Product Landscape

The Irish renewable energy market showcases a diverse product landscape, encompassing various technologies and applications. Wind turbines are predominantly large-scale, while solar PV installations vary from residential rooftop systems to utility-scale solar farms. Ongoing innovation is focused on increasing efficiency, reducing costs, and improving the integration of renewable energy sources into the electricity grid. Key advancements include improvements in turbine blade design, higher-efficiency solar panels, and advancements in energy storage technologies.

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

Key Drivers: Supportive government policies, declining technology costs, and increasing environmental awareness are key drivers. The Irish government's commitment to ambitious renewable energy targets provides a strong impetus for growth. Technological advancements, particularly in wind and solar technologies, are making renewable energy increasingly cost-competitive.

Key Barriers and Challenges: Grid infrastructure limitations pose a challenge for integrating intermittent renewable energy sources. Permitting and planning processes can be lengthy and complex, creating delays in project development. Furthermore, competition for land use and resource allocation with other sectors can create obstacles.

Emerging Opportunities in Republic of Ireland Renewable Energy Market

Emerging opportunities include the integration of renewable energy with energy storage solutions to enhance grid stability and reliability. The increasing adoption of hybrid energy systems and the expansion of offshore wind farms represent significant potential for growth. The integration of renewable energy into smart grids and demand-side management strategies also offers opportunities for market expansion.

Growth Accelerators in the Republic of Ireland Renewable Energy Market Industry

Long-term growth will be fueled by continued government support for renewable energy development, ongoing technological advancements, and increasing private sector investment. The development of advanced energy storage systems and smart grid technologies will be crucial for integrating renewable energy sources more effectively. Strategic partnerships between energy companies and technology providers can unlock further innovation and accelerate market expansion.

Key Players Shaping the Republic of Ireland Renewable Energy Market Market

• RES UK & Ireland Ltd
• Electricite de France SA (https://www.edf.fr/en)
• Statkraft Ireland Ltd (https://www.statkraft.com/)
• Energia Group
• Mainstream Renewable Power Ltd
• Orsted AS (https://orsted.com/)

Notable Milestones in Republic of Ireland Renewable Energy Market Sector

• 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, with the capacity to power over 40,000 homes.

In-Depth Republic of Ireland Renewable Energy Market Market Outlook

The Republic of Ireland's renewable energy market is poised for continued strong growth, driven by supportive government policies, technological advancements, and increasing private investment. The expansion of offshore wind capacity, coupled with the integration of advanced energy storage solutions and smart grid technologies, will significantly contribute to the market's future potential. Strategic partnerships and innovative financing mechanisms will also play a key role in unlocking further growth opportunities. The market is expected to witness significant capacity additions across various renewable energy technologies in the coming years.

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