The Advice Notes aim to provide introductory material for entrepreneurs, startups and SME’s, considering to enter into the renewable energy sphere and based in the NPA regions partners to GREBE. The scope of the Advice Note covers regional, trade and industry, renewable energy (RE), technology information from Ireland, Northern Ireland, Scotland, Iceland and Finland. Different partner regions have different level of deployment of the various RE technologies covered by the Advice Notes. Thus, the level of information will vary depending on the level of deployment for each technology. For example, wind is not deployed on a large scale in North Karelia (Finland); however, it is widely deployed in Scotland, Ireland and Northern Ireland.
Full details are available on the GREBE website:
The focus of the Advice Notes is on regional information of some of the main economic characteristics sited as imperative, when making an informed choice, regarding which RE technology may be the optimal choice for a new business venture:
- Costs and economics associated with the relevant technology
- Support schemes available, relevant to the technology
- Government allowance/exemptions, relevant to the technology
- Funding available for capital costs of the relevant technology
- List of the relevant to the technology suppliers/developers, with focus on local/regional, suppliers/developers and the products and services they offer.
The first wind turbines for electricity generation were developed at the beginning of the 20th century. Thus, wind technology is one of the most mature and proven technologies on the market. In 2015, the wind energy industry installed 12.8 GW in the EU – more than gas and coal combined. Onshore wind is presently one of the most economically viable RE generation technologies. In areas with good wind resources, generating electricity with wind turbines is already competitive. Thus, wind turbines offer the prospects of cost efficient generation of electricity and fast return on investment. The economic feasibility of wind turbines depends primarily on the wind speed. Usually, the greater the long term annual average wind speed, the more electricity will be generated and the faster the investment will pay back. The map below gives an overall picture of the wind potential across the globe, showing that the NPA region has a great potential to harness the benefits associated with wind energy generation.