In January 2013 a Memorandum of Understanding on Energy Cooperation was signed with the UK Government. Following this a joint programme of work was undertaken to consider how Irish renewable energy resources, onshore and offshore, might be developed to the mutual benefit of both Ireland and the UK.
Ireland conducted economic analysis which indicated that, under agreed policy and regulatory conditions, renewable energy trading could deliver economic benefits to Ireland and the UK, as well as being good for developers. However, delivery of renewable energy trading with the UK by 2020 is now not considered a realistic proposition. This is because of the economic, policy and regulatory complexities involved, and some key decisions that were not taken by the UK to progress energy trading. The matter has not progressed any further since then.