Ireland to invest €8.5m in energy efficiency

The Church of Ireland has decided to provide €8.5 million (£6.12m) worth of funding for energy efficiency projects, a recent news report has been able to reveal.

The cash will be used by the Ireland Energy Efficiency Fund (IEEF), which is aiming for investment totalling €70 million (£50.4m) by 2016.

It was previously granted €35 million (£25.2m) by the Irish Government and funding from companies including Glen Dimplex and London & Regional Properties.

David Hourihane, Managing Director of Sustainable Development Capital LLP, the IEEF’s investment advisor said: “Energy efficiency investments produce stable risk-adjusted returns whilst delivering value for money to the end client along with substantial environmental returns through funding infrastructure that reduces energy consumption.”

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