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Ireland must accelerate electricity investment after storm damage, PM says
Published by Global Banking and Finance Review
Posted on January 31, 2025
2 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 31, 2025
2 min readLast updated: January 26, 2026
Ireland must enhance its electricity grid investment after Storm Eowyn left 74,000 without power. PM Micheál Martin emphasizes future-proofing against climate change.
DUBLIN (Reuters) - Ireland must speed up substantial investment in its electricity grid to prepare for future weather events after 74,000 homes, farms and businesses remained without power a week after Storm Eowyn battered the country, Prime Minister Micheál Martin said.
ESB Networks, the country's energy provider, has restored power to 694,000 homes and businesses with the help of crews from Europe but says some customers, many in remote locations, will remain in the dark until Feb. 6.
The recently re-elected government has already pledged a major capital investment programme to fix creaking infrastructure, partly through the use of a 14 billion euro ($14.52 billion) Apple tax windfall.
"I have already asked for work to be done to accelerate investment in the (electricity) grid, to future proof it and make it more resilient," Martin told reporters on Friday.
"There will be a need for really substantial investment in our electricity grid into the future because if you look over the last 10 years, the number and severity of storms of this kind is growing," Martin said. "Climate change is now having an impact to a significant degree in our country."
($1 = 0.9643 euros)
(Reporting by Padraic Halpin; Editing by Catarina Demony)
The article discusses Ireland's need to accelerate investment in its electricity grid following storm damage.
Investment is needed to prepare for future weather events and to address the growing impact of climate change.
The government plans to use a 14 billion euro Apple tax windfall for infrastructure improvements.
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