A Brighter Future: Solar PV in Ireland

This report has been written by KPMG, the UK member firm, in collaboration with KPMG Ireland at the request of the Irish Solar Energy Association (ISEA) to assess the potential benefits to the Irish economy from the introduction of a policy support scheme for solar photovoltaic (PV), and to explore the potential policy options.

The costs of solar fell by 80% from 2008 to 2013, and it is estimated that a large scale ground mount project in Ireland would now cost in the region of €150/MWh. The costs of solar PV will continue to fall, with increased volumes worldwide driving cost reductions in module manufacture, and continued technological innovation. It is currently at or very close to ‘grid parity’ in many markets around the world, and is forecast to become the cheapest electricity generating technology over the coming decades.

Key findings include:

• Solar PV is rapidly becoming cost competitive, not only against other renewables but also against conventional forms of generation.
• The deployment of solar technology in Ireland will support economic activity and jobs.
• Solar PV builds on Ireland’s economic strengths.
• Solar PV can increase Ireland’s energy security.
• Solar PV can make an important contribution to meeting Ireland’s environmental targets.
• Solar PV can empower Irish citizens and communities to take control of the production and consumption of energy.
• The Irish solar industry needs a kick-start to be ready for ‘grid parity’ deployment.