Deploying solar technology to power Irish homes and businesses could support up to 7,300 new jobs - report
Published 26/11/2015 | 10:22
Up to 7,300 new jobs could be supported by deploying solar technology to power Irish homes and businesses, according to a report by KPMG.
The technology - Solar PV - converts solar energy to electricity via semiconductors in panels.
"There are a wide range of potential benefits to the Irish economy if a policy support scheme for Solar PV was introduced. We know that for every €1 of policy support, the solar industry in Ireland would deliver €3 of Gross Value Added to the economy over the 2017-2030 period," KPMG head of energy and natural resources Mike Hayes said.
The report says the cost of solar has fallen rapidly in recent years, and that its widespread adoption would reduce Ireland's dependence on other countries for energy.
The Government is considering future support schemes for renewable technologies and has indicated that the review could introduce support for a wider range of technologies, including solar. Irish Solar Energy Association chairman David Maguire said Ireland would be one of the last countries in Europe to support Solar PV.
"We have a late mover advantage that gives us the opportunity to learn from the experience of other countries and deploy solar in a sustainable manner that delivers best value to the Irish citizen," he said.