A new survey has revealed that more than half of Irish businesses are now using electricity sourced from renewable energy, marking a significant shift toward sustainability in the country’s corporate sector. The research, conducted by renewable energy company Statkraft, also found that 90% of industry leaders are willing to pay a premium for certified renewable energy sources.
The survey, which included 100 participants from various industries such as manufacturing, pharmaceuticals, food and beverage, data centres, and transport, highlighted that the majority of businesses are embracing renewable energy to meet customer expectations, reduce their environmental footprint, and maintain competitiveness in the market.
When it comes to the key factors influencing corporate decisions on renewable energy purchases, 20% of respondents cited cost as the most important consideration. Another 14% pointed to the availability of renewable energy, while 12% focused on reducing carbon emissions. These findings reflect the growing importance of sustainability in business operations.
The research also found that 80% of Irish businesses would be willing to relocate their operations near renewable energy generation sources or energy parks, further demonstrating a strong commitment to renewable energy solutions. Additionally, over 60% of businesses are planning to invest in on-site renewable energy systems and technologies aimed at reducing emissions within the next three years. Among these, 60% plan to install solar panels, 47% are considering electric vehicles for commercial use, 40% intend to install wind turbines, and 33% plan to invest in battery energy storage systems.
However, only 28% of respondents indicated that industrial heat pump technology was part of their future plans for investment.
Kevin O’Donovan, Managing Director of Statkraft Ireland and the UK, emphasized the financial benefits of renewable energy adoption. “Industry leaders understand that using more renewables is better for their bottom line,” he said. “This number will undoubtedly continue to grow as businesses strive to reduce their emissions and meet their sustainability goals.”
The survey’s results were published as the Wind Energy Trade Show commenced in Dublin, where Wind Energy Ireland revealed that Ireland is on track to achieve 5,000 MW of installed onshore wind capacity by the end of the year. Noel Cunniffe, CEO of Wind Energy Ireland, described Ireland as having one of the best untapped offshore wind resources in the world. However, he also noted that the industry faces challenges, particularly in planning and grid infrastructure.
“Too many good projects are being blocked in the planning system,” Cunniffe said. “Fixing these issues should be a top priority for the next government.”