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british firm plans €500m of solar farms in republic
Light Source Renewable Energy is negotiating with Bodnamona on the use of countries. -
Ownership of land in the central region and exploration of other potential lowlands-grade farmland.
The company was founded by Belfast resident Nick Boyle.
It is the third largest solar energy company in the world outside China.
Recent projects include Britain\'s largest rooftop solar panel system, at the top of the Bentley luxury car factory in Crewe.
So far, Ireland has developed relatively little solar energy.
The EU\'s goal is that 40% of the country\'s energy will come from renewable sources by 2020.
Most of the investment goes to wind farms.
This has aroused criticism from some quarters. -
The most famous is Donald Trump, owner of Durnburg Golf Course. -
Who says wind farms damage the landscape visually?
In Britain, solar farms have suffered similar fires.
Liz Truss, Britain\'s environment minister, famously described it as \"landscape blight\", which damages food production by depleting farmland.
He said that land owners could continue to cultivate under these panels because they were installed on the ground.
Companies will focus on low-
He added: \"Grade agricultural land in the Republic. \"
Lightsource spent 1.
5 billion building solar farms-
A large area of land covered with solar panels that converts light into electricity-in the UK.
It has recently expanded to Northern Ireland with planning permission for four locations and is conducting a consultation process for four other locations.
It usually rents land for 25 years. -
He said that at inflation-linked prices, annual returns paid were \"much higher than returns from agriculture\", rather than purchases.
Boyle said the lack of subsidies for solar energy projects hindered progress in the Republic.
In the UK, the government subsidizes solar technology.
Lightsource asked the Irish government to introduce similar subsidies that could already be used for wind power projects.
Boyle said solar energy has never been included in the government\'s renewable energy program because Ireland is not thought to have enough sunlight to make costs. -effective.
He said that with the progress of science and technology, the cost of power generation should continue to decline with the further development of technology.
Up to 40% of the country\'s electricity can be generated by solar power plants at 0.
Lightsource estimates that the country\'s land area is 2%.
\"We think solar energy is the perfect choice for Ireland.
Compared with wind power or other forms of energy production, it is not a noticeable technology.
It can be integrated with the scenery. -
No more than 2 panels.
Five metres above ground-
And it can be placed anywhere, which means that websites are often less visible.
\"The Ministry of Energy and Communications is working on a new power support plan, which will begin in 2016,\" the agency told the Sunday Independent.
\"A key component of this work will be consideration of existing technologies, such as solar energy, its cost-effectiveness and the level of support required.
According to the European Commission, the plan will be approved by state aid.
\"Public consultation will be conducted first.
Amarenco Solar, an Irish-owned company headquartered in Ireland, has just bought a solar farm in southern France for 7 euros.
Two million euros, another deal worth six million euros is about to be completed.
These purchases were made as part of subsidiaries. -
Amaranco Solar Fund-
The company invests mainly in solar energy assets in southern France.
The first factory, 7 euros.
It\'s a 12 MW power plant in Bordeaux.
Mullins declined to reveal the location of the second solar power plant, but said it was a 10-megawatt plant, adding that he expected the deal to be completed in the next few weeks.
He said the focus of the fund was to buy as many large solar power plants as possible and said: \"The 12MW power plant is the largest in France. -
We want to buy the biggest factory we can buy.
He said the acquisition would represent an equity investment of about 6 million euros, which he said was mainly raised through a series of high net worth individuals.
Mullins said the fund aims to acquire 100 million euros worth of assets in France in the next 12 months.
\"We want to raise more equity in a year, and we are negotiating with some houses to provide us with a range of equity to provide the firepower we need,\" he said.
He added: \"We believe that we can get another 100 million euros worth of assets, and the sun on our back may be worth 150 million euros. \"
Amarenco also bought a 12-megawatt solar power plant in Avignon, France, worth 19 million euros earlier this year.
The energy company is also looking for potential for Ireland\'s solar farms.
The company is currently planning to develop a total of 15 websites. -
Through Waterford, Wexford, Kirk and Kerry-
Mullins had previously said he hoped to supply electricity to Irish families within five years.