In 2015 Bord na Móna published our sustainability report “Sustainability 2030”, which sets out the Group’s intent to exit the harvesting of peat for energy generation by 2030. Following the expiry of the PSO for the ESB plants in 2019, it is intended that they will be co-fired with biomass on a similar basis to the Edenderry power plant. This will significantly reduce the required volume of milled peat and will require lower production costs in order to ensure that the peat business remains economically viable until 2030. The transition to this new operating model is progressing according to plan. Emerging peat extraction regulations will add further challenges to the business. We remain confident that the required changes will be fully implemented by 2019.
Paul Riordan, Head of Peat