IKEA buys Canadian wind farm from Irish renewable firm

IKEA has closed a deal to buy a 46MW wind farm in Canada from an Irish renewable energy company. It is the furniture retailer’s second purchase from the renewable firm in three months, having announced the signing of a deal for the Carrickeeny wind farm in Ireland in August. The project is part of IKEA’s […]

Ireland ‘unlikely’ to meet 2020 EU targets

Ireland is “unlikely” to meet the EU energy targets for 2020 unless there is more support from the Government. That’s according to the EU-funded ‘Sustainable Energy for the Rural Village Environment’ (SERVE) project, which claims around 90,000 buildings will need significant energy upgrades every year until 2020 but less than 50,000 buildings will do so […]

Irish oil company receives $103 million following a gas field sale

An Irish oil company, Petroceltic, has received $103 million from the sale of a gas field in southern Algeria. The Dublin based company sold an 18% stake in the Ain Tsila gas field last April to Italian power company, ENEL. The company remains operator of the permit with a 57% stake and may receive further […]