Dublin Port signs €1m deal
Irish energy supplier Vayu Energy has signed a gas and renewable electricity deal with Dublin Port Company valued at €1m per annum.
The agreement will see Vayu supply Ireland's biggest port with gas and electricity to meet the year-round energy requirements for its operations, which handle almost 50pc of the country's trade, 42pc of GDP and two- thirds of the country's containerised imports and exports.
Dublin Port is Ireland's largest commercial port. It caters for 31m tonnes of imports and exports and facilitate over 1.76m tourists.
Vayu says that a critical consideration for Dublin Port Company in choosing the firm as its energy partner was the ability to achieve significant savings in energy costs through access to wholesale market prices for both electricity and gas. Dublin Port Company is currently trying to to achieve a 33pc increase in energy performance by 2020.
Vayu also says that the deal will have a substantial impact on Dublin Port Company's carbon emissions by providing green electricity for its facilities.
It claims that in the first year the deal will yield a reduction in emissions of approximately 2,823 tonnes of CO2.