Ireland to open 1st renewables auction in early 2020

03/12/2019 09:36 Renewable

news

The Irish government on Monday gave the green light to the country’s first auction under its new Renewable Electricity Support Scheme (RESS) that is seen to pave the way towards a 70% renewables share by 2030.

The approval was announced by the Minister for Communications, Climate Action and Environment, Richard Bruton, who stressed on the need for Ireland to “radically reduce” its dependence on fossil fuels and switch to clean and renewable power generation. Under its Climate Action Plan, the country aims to lift its share of renewable electricity in its total power mix to 70% by 2030.

 

The first RESS auction round will be launched early next year, subject to EU state aid approval, and will deliver up to 3,000 GWh of renewable power from facilities coming online by end-2022. According to the press statement, the frequency of the planned RESS solicitations will depend on the renewable electricity project supply pipeline but at least four auctions will be held between 2020 and 2027 to meet the 2030 targets.

 

Under the RESS rules, all technologies can compete in the planned auction rounds, with the goal of expanding the country’s renewable energy mix and improving power supply. They will include a solar category that will account for around 10% of the total auctioned volume, as well as a community-led category for up to 30 GWh of power. Community benefit funds of EUR 2 (USD 2.2) per MWh annually will be obligatory for participants, while RESS will also mandate Irish citizens that have access to invest in renewable energy projects located in their area.

Source: renewablesnow.com

Daily (21.01.2020): Crude oil hits the highest level in a week due to supply disruption in Libya

21/01/2020 11:55:00

Crude oil prices climbed to their highest level in more than a week on Monday, due to a halt in the crude production at two large Libyan oilfields after forces loyal to commander Khalifa Haftar closed a pipeline, bringing back the focus on supply risks.

<READ MORE

Turkey gets 38 bln TL for 2019 clean energy generation

21/01/2020 10:09:00

Under Renewable Energy Support Scheme, 777 facilities receive financial backing and produce 76.67 million MWh of electricity

READ MORE

Vestas plots ‘zero-waste' turbine future

21/01/2020 10:03:00

Danish manufacturer aims for milestone by 2040 with initial focus on improving blade recycling

READ MORE