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Renewable Electricity Support Scheme
-
Press Releases
Irish power prices to rise in 2024 while renewables goals hang in the balance
A new report forecasting power prices out to 2030, has shown a jump in short-term prices. The data from Cornwall Insight’s All-Island Power Market Outlook to 2023, predicts prices will rise to nearly €190/MWh for 2024, three times the pre-2021 average. The increase in the near-term forecast has been...
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Press Releases
Up to 1900MW of wind eligible for RESS-2
Cornwall Insight’s ‘Route to RESS service’ has examined the potential capacity of wind and solar that could enter the Renewable Electricity Support Scheme (RESS-2) auction in Ireland, with the analysis showing that approximately 1900MW (1800GWh) of solar and 1600MW (4800GWh) of wind is eligible to bid for the 3500GWh pot....
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Press Releases
Shortfall in Ireland’s 70% renewable target
The Irish government recently announced that Ireland’s ambitions for tackling climate change would no longer lag behind the rest of Europe, with their commitment to having 70% of all electricity generated coming from renewable sources by 2030. Research from Cornwall Insight Ireland shows that as things currently stand there is...
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Press Releases
Avoiding EU fines with a REFIT extension
The Irish government is facing substantial fines for missing 2020 energy targets. The Irish Wind Energy Association (IWEA) has put forward a proposal for avoiding this outcome an extension to the REFIT 2 scheme. The extension, it is argued, would allow the required number of projects from renewable sources to...
