The Government is projected to miss its renewable energy targets out to 2030, while options to close the gap are being considered. Ministers heard that while Ireland met its renewable energy targets for 2024 of 16%, the State is projected to miss its targets in both 2025 (27.6%) and 2027 (33.6%). These targets are based on the amount of renewable energy within the country’s overall energy consumption across the electricity, heat, and transport sectors. Options on the table to help make up the shortfall include an EU mechanism to contribute to the financing of renewable energy projects in other countries. This, known as the EU renewable energy financing mechanism, would see Ireland fund a project abroad and then receive credit towards the Government’s targets.

Source: Irish Examiner March 10, 2026 06:43 UTC