A Memorandum of Understanding (MoU) has been signed to allow Britain to Import wind energy that has been generated in Ireland.
The energy trading implementation resulting from the MoU would be be beneficial for both countries. For Britain, the imported green electricity would help the nation to reach it’s 2020 target of 30% of total electricity sourced from renewables. A figure that is currently almost at 12% reports Bloomberg.
For Ireland, it would mean the creation of more jobs, and substantial investments in the Irish wind energy sector.
UK Energy Secretary Ed Davey and the Minister for Communications, Energy and Natural Resources of Ireland Pat Rabitte signed the MoU yesterday evening in Dublin. Following this, the two Governments will be looking into fine tuning the infrastructure, technicalities and market to support the energy trading over the next year.
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