Seanad debates

Wednesday, 18 July 2012

Developments in the European Union and Ireland's Presidency of the European Council: Statements with An Taoiseach

 

The Minister for Communications, Energy and Natural Resources has been meeting with his counterpart, Charles Hendry, with a view to drawing up a memorandum of understanding providing that we will be able to sell electricity and energy directly to the British market. The British Government has done an internal analysis on British needs for the foreseeable future, given the change in attitude towards its nuclear programme. Clearly there is a great deal of private investment wealth to be pumped into the renewable energy market, but it is a case of having the capacity and compliance with the regulatory authorities to bring that about. The use of these natural assets has major potential for our country for the next 50 years and is an area the Government is interested in developing.

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