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The Irish government announced at the end of July the approval of its long-awaited Renewable Electricity Support Scheme (RESS) and intends to hold its first renewable energy project auction
sometime in 2019.
Ireland's Minister for Communications, Climate Action and Environment, Denis Naughten, announced last month that he had secured approval for a new renewable electricity support scheme that would "encourage the introduction of sufficient renewable energy generation to meet national and EU-wide renewable energy and decarbonisation targets
by 2030.
" Ireland plans to provide up to 55% renewable electricity by 2030, and RESS auctions will be held
frequently throughout the life of the scheme.
The first RESS auction, which will take place sometime next year, aims to provide "reserve" items "to close the gap with 2020 and assist us with early deliveries
.
" ”
"The scheme will mark a shift from a guaranteed fixed price for renewable generators to a more market-oriented mechanism (auction) where support costs will be determined through competitive tenders between renewable generators," explained
Minister Denis Naughten.
"RESS is a key step
in enabling Ireland to take a leadership role in renewable energy, climate action and energy efficiency.
Communities are at the heart of the design of the new program, which will have a transformative impact
on renewable energy projects across the country.
”
Part of the plan is to engage in community-led initiatives and support, as well as policies
that meet government-mandated policies for a diverse national renewable energy portfolio.
"While the auction approach will provide access to markets for multiple technologies, it will be achieved in a competitive and cost-effective framework," Minister Naughten added
.
"The use of certain levers, such as short delivery dates and single technology caps, will accelerate the expansion of the renewable technology portfolio, especially given that the cost of many renewable technologies is declining
.
"
The Irish government announced at the end of July the approval of its long-awaited Renewable Electricity Support Scheme (RESS) and intends to hold its first renewable energy project auction
sometime in 2019.
Ireland's Minister for Communications, Climate Action and Environment, Denis Naughten, announced last month that he had secured approval for a new renewable electricity support scheme that would "encourage the introduction of sufficient renewable energy generation to meet national and EU-wide renewable energy and decarbonisation targets
by 2030.
" Ireland plans to provide up to 55% renewable electricity by 2030, and RESS auctions will be held
frequently throughout the life of the scheme.
The first RESS auction, which will take place sometime next year, aims to provide "reserve" items "to close the gap with 2020 and assist us with early deliveries
.
" ”
"The scheme will mark a shift from a guaranteed fixed price for renewable generators to a more market-oriented mechanism (auction) where support costs will be determined through competitive tenders between renewable generators," explained
Minister Denis Naughten.
"RESS is a key step
in enabling Ireland to take a leadership role in renewable energy, climate action and energy efficiency.
Communities are at the heart of the design of the new program, which will have a transformative impact
on renewable energy projects across the country.
”
Part of the plan is to engage in community-led initiatives and support, as well as policies
that meet government-mandated policies for a diverse national renewable energy portfolio.
"While the auction approach will provide access to markets for multiple technologies, it will be achieved in a competitive and cost-effective framework," Minister Naughten added
.
"The use of certain levers, such as short delivery dates and single technology caps, will accelerate the expansion of the renewable technology portfolio, especially given that the cost of many renewable technologies is declining
.
"
