Meeting a industry target to have 70pc of electricity coming from renewables by 2030 will require as much as €10bn of capital, according to Irish-focused wind farm investor Greencoat Renewables. Meeting a industry target to have 70pc of electricity coming from renewables by 2030 will require as much as €10bn of capital, according to Irish-focused wind farm investor Greencoat Renewables. Greencoat asset manager Patrick Maguire said meeting the target will require another 5,000 megawatts of renewable assets, which he said "equates to €8bn-€10bn of investment". Pension funds like long-term investments, they like to make relatively large investments, they like sustainable investments," Mr Maguire said. Greencoat Renewables is a listed entity managed by Greencoat Capital - a UK-based business with a number of funds operating in the renewables sector.

Source: Irish Independent March 13, 2019 02:32 UTC