The end of coal-fired generation at ESB’s Moneypoint power station in County Clare signals a pivotal moment in Ireland’s energy transition. This milestone, achieved ahead of schedule, is a key component of ESB’s broader strategy to achieve net zero carbon emissions and transform Moneypoint into a substantial renewable energy hub.
ESB chief executive Paddy Hayes underscored the significance of this shift, stating, “Marking the end of coal generation in Moneypoint is an important milestone in ESB’s progress towards net zero. It is a significant step in Moneypoint’s transformation into a renewable energy hub.” The journey began in 2017 with the installation of a 17MW wind farm, followed by the launch of the Green Atlantic @ Moneypoint programme in 2021. This multi-billion-euro initiative aims to redevelop the deepwater site into a clean power hub. The first phase, completed in 2022, included a €50m investment in Ireland’s first synchronous compensator to support the integration of renewables into the grid.
Minister for Energy Darragh O’Brien hailed the move as crucial for both ESB and the country, emphasizing its role in Ireland’s clean energy transition. “It is not just a significant move for ESB but also for the country as a whole as Ireland powers forward to deliver the clean energy transition underpinned by a secure electricity system,” he said.
In the interim, Moneypoint will operate on oil under a temporary arrangement with EirGrid. The units will remain available out of market until 31 March 2029, ensuring a secure supply of electricity. EirGrid chief executive Cathal Marley explained, “It’s important that we maintain a secure supply of electricity. While Moneypoint will no longer use coal, the units will support the overall adequacy position for Ireland.”
The station, originally built in the 1980s to reduce reliance on oil, will now run only on instruction from EirGrid during supply shortages. Oil generation, being less carbon-intensive than coal, is expected to see significantly reduced operation over the next four years.
Minister of State Timmy Dooley highlighted the broader implications, stating, “The early end of coal generation at Moneypoint represents a significant milestone for ESB and is another important step in Ireland’s energy transformation.” Hayes acknowledged the contributions of the teams and communities in West Clare, thanking all those who have been integral to powering Ireland’s electricity system for nearly four decades.
This development is likely to accelerate the pace of renewable energy adoption in Ireland. The successful transformation of Moneypoint could serve as a blueprint for other fossil fuel-dependent sites, encouraging similar transitions. The focus on grid integration and security will be crucial as Ireland aims to increase its renewable energy capacity. The temporary reliance on oil, while ensuring security, also underscores the need for robust energy storage solutions to support the intermittent nature of renewables. This shift may also spur innovation in energy management and grid stability technologies, making Ireland a testbed for advanced energy solutions. The early cessation of coal at Moneypoint could influence policy and investment decisions, potentially leading to more ambitious targets and faster timelines for decarbonization.