The UK-based firm, which is the world's third largest solar energy company outside of China and the biggest in Europe, announced yesterday that it is making a "significant" investment in Ireland.
The company develops and operates solar panels.
It both develops stand-alone solar farms and pairs with property owners who rent out their land or property to host solar panels. Lightsource installs and maintains the panels during their operational lifetime.
Speaking to the Irish Independent, Nick Boyle, the Antrim-born founder and chief executive of Lightsource, said that the final amount invested would depend on the Government's current consultation process on renewable energy.
Advocates for solar energy hope that depending on the results of the Green Paper, which is seeking feedback on the role alternative technologies could have in developing renewable energy, subsidies will be put in place to encourage the development of solar energy in Ireland.
Mr Boyle said: "For us to be interested in Ireland at all we need to be looking at hundreds of millions of euros, it is very much dependent on the consultation." Asked why the company is deciding to move into the Irish market he said: "The biggest solar market in the world is Germany, which has similar radiation levels to the UK, which has similar levels to Ireland.
Read more at: http://www.independent.ie/business/irish/solar-energy-giant-to-invest-several-hundred-million-in-ireland-31441288.html
The company develops and operates solar panels.
It both develops stand-alone solar farms and pairs with property owners who rent out their land or property to host solar panels. Lightsource installs and maintains the panels during their operational lifetime.
Speaking to the Irish Independent, Nick Boyle, the Antrim-born founder and chief executive of Lightsource, said that the final amount invested would depend on the Government's current consultation process on renewable energy.
Advocates for solar energy hope that depending on the results of the Green Paper, which is seeking feedback on the role alternative technologies could have in developing renewable energy, subsidies will be put in place to encourage the development of solar energy in Ireland.
Mr Boyle said: "For us to be interested in Ireland at all we need to be looking at hundreds of millions of euros, it is very much dependent on the consultation." Asked why the company is deciding to move into the Irish market he said: "The biggest solar market in the world is Germany, which has similar radiation levels to the UK, which has similar levels to Ireland.
Read more at: http://www.independent.ie/business/irish/solar-energy-giant-to-invest-several-hundred-million-in-ireland-31441288.html
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