The Irish government has launched a Renewable Electricity Support Scheme (RESS), which will provide support to renewable electricity projects in Ireland. The RESS is an auction-based scheme to bid for capacity and receive a guaranteed price for the electricity generated by renewable energy. The objective of the scheme is as follows:
- An Enabling Framework for Community Participation through the provision of pathways and supports for communities to participate in renewable energy projects
- Increasing Technology Diversity by broadening the renewable electricity technology mix (the diversity of technologies)
- Delivering an ambitious renewable electricity policy to 2030
- increasing energy security, energy sustainability and ensuring the cost-effectiveness of energy policy
The first auction of RESS is scheduled in early 2020 and it aims to deliver a 3,000GWh increase in renewable electricity generation by the end of 2022. The Scheme will provide for a renewable electricity (RES-E) ambition of up to 70% by 2030, subject to determining the cost-effective level which will be set out in the draft National Energy and Climate Plan (NECP). RESS auctions will be designed in line with trajectory targets identified in Ireland's NECP.
The scheme is subject to EU state aid approval.
Country updates
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November 29, 2019
Greencoat acquires 14 MW Beam Hill wind farm in County Donegal
Greencoat Renewables Plc has announced the aquisition of the 14 MW Beam Hill wind farm for EUR10.5 million (US$ 11.55 million), located in County Donegal, northwestern Ireland The Beam Hill wind...
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November 20, 2019
Greencoat Renewables invests in 20.4 MW Killala community wind farm in County Mayo
Greencoat Renewables has acquired the 20.4 MW Killala community wind farm in County Mayo for an initial sum of EUR37.2 million (US$41.2 million). The project consists of five Siemens 3.4MW turbines t...
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November 14, 2019
RES wins asset management contract for 98 MW of Irish, Scottish wind projects
RES has won a 98 MW of wind assets to its growing asset management portfolio across the UK and Ireland. In agreeing the new deals, RES struck agreements with ESB and Muirhall Energy. For ESB, RES wi...
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November 13, 2019
First planning applications submitted in Ireland & Wales for Greenlink electricity interconnector
Public consultation is beginning following submission by Greenlink Interconnector Limited of planning applications for the project’s marine components on both sides of the Irish Sea. In Ireland,...
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November 01, 2019
EPH closed acquisition of 400 MW Tynagh Combined Cycle Power Plant
Czech EPH, through its unit, EP UK Investments (EP UKI) has closed the acquisition of an 80% stakes in the 400 MW Tynagh Combined Cycle Power Plant located in East Galway County, Ireland.&nb...
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