en.Wedoany.com Reported - Irish electricity supplier Pinergy plans to invest €35 million to expand its solar power business in response to customer demand for cheaper energy. The company will invest between €30 million and €35 million over the next three years to install solar power units across Ireland, with a peak generation capacity of 40 megawatts. This installed capacity is expected to generate approximately 36 gigawatt-hours of electricity annually, equivalent to the yearly electricity consumption of 8,000 to 9,000 Irish households.

Pinergy's move comes at a time when businesses are facing rising energy costs due to ongoing tensions in the Middle East. Even if a ceasefire is maintained, many analysts predict that energy supply will remain tight. Pinergy has already installed 60 megawatts of solar power systems for its customers in Ireland. The Irish commercial solar market is growing rapidly, and the company shifted its focus to commercial customers last year, exiting the residential electricity supply business.

Japanese listed company Sojitz acquired Pinergy last year, bringing new development opportunities to the Irish enterprise. Pinergy's investment in solar power helps alleviate energy cost pressures and promotes the development of renewable energy in Ireland.

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