August 5, 2020 Read More →

Ireland’s first renewable energy auction nets 1,275MW of wind and solar capacity

Renewables Now:

Solar and onshore wind projects with a combined capacity of 1,275.5 MW have been declared “provisionally successful” in Ireland’s first tender for renewable energy capacity.

The competition is being held as part of Ireland’s new Renewable Electricity Support Scheme (RESS) programme, which has a budget of up to EUR 12.5 billion (USD 14.77bn) until 2025. According to official information released by state-owned transmission network operator EirGrid, 19 wind and 63 solar projects have secured provisional approval to sign contracts under the scheme. This corresponds to 767.32 GWh of solar and 1,469.34 GWh of wind power generation.

Winners secure the right to sign 15-year contracts under which they will receive a premium on top of the market price of electricity. The provisional GWh-weighted average price achieved in the auction for all projects was EUR 74.08 per MWh. For solar alone, it stands at EUR 72.92/MWh.

The list of “provisionally successful” projects includes a 119-MW photovoltaic (PV) scheme by Jbm Solar Developments Ltd and the 75-MW Cloncreen Wind Farm proposal.

Ireland’s national goal is to move away from fossil fuels and reach a 70% share of renewables in its electricity mix by 2030.

[Veselina Petrova]

More: Ireland unveils 1.3 GW of provisional winners in RESS auction

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