Irish, UK Ministers Agree to Develop Renewable Energy Trading MoU

On the yesterday’s meeting between Charles Hendry and Irish Energy Minister Pat Rabbitte, both Ministers discussed the development of renewable energy trading between the two countries and plans to enhance gas market planning procedures.

The Ministers agreed a process to develop a formal Memorandum of Understanding on renewable energy trading between the two countries with the aim of finalising it by the end of the year.

Officials from both sides will examine a range of market, regulatory and technical issues necessary to underpin the development of cross-jurisdictional renewable trade.

The Ministers also agreed to further develop the Common Gas Emergency Planning Framework between the two countries.

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Offshore WIND staff, June 21, 2012; Image: Siemens