Even though the financial crisis has hit Ireland hard, there is already a new bubble happening.

“The Green energy bubble.”

Everyone except those who have headed for the  hills, knows that energy cost is going to rise. The cost of producing electrical energy is going to rise dramatically, Oil,gas, coal are all under pressure far more that they ever were.

Now that governments are waking up to this fact, and investors are thinking of what to invest in now. it looks like that has now been found, Green energy is the new buzz word, but I wonder how long it will last.

I have blogged before about Ireland’s potential on wind energy before, and I still think we are well placed to make full advantage of this.

But the thing that I am afraid is going to happen, there will be a boom in building wind turbines, and then once this ends there will be another crash.

What the government need to do is to do popper planning and not rush projects to “market”. It has like the building boon., if not managed correctly, put ireland of a frenzy of building again.

What we need is a more sustainable way of managing the projects that will proposed to local governments.

If the legislation is not put in place, what might happen is, banks will see this as a quick way to make money or “invest money” and I’m sure some of the nama money will be invested here.

Green energy is a bubble that can only last for a certian length of time, and Ireland does not need another bubble.