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irish energy
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Low carbon generation
Blowin’ in the Wind: Is offshore wind the answer to Ireland’s net zero future?
As Ireland works towards achieving net zero by 2050, there is a pressing need to develop additional renewable energy capacity. Offshore wind is likely to be a particularly important sector and, thanks to Ireland’s large offshore exclusive economic zone, presents a valuable opportunity for the Irish economy. Cognisant of this...
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Low carbon generation
De-risking renewable development: CI RESS Model inspires policy changes in RESS 3 T&Cs
Last year, we partnered together with Wind Energy Ireland (WEI) to produce a report titled “Improving Revenue Certainty and Risk Allocation for New Renewable Generators”, which explored potential auction policy changes for the RESS auction that would help de-risk renewable investment for developers and generators. At the heart of this...
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Regulation and policy
Questions from the British-Ireland Parliamentary Assembly
Ruth Young, Senior Consultant at Cornwall Insight Ireland and Robert Buckley, Head of Relationship Development, recently participated in a session at the British-Ireland Parliamentary Assembly to address recent energy trends. They prepared a sample of the briefing notes with answers to: What are the main challenges governments in the BIPA...
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Regulation and policy
Government to implement EU measures to address windfall gains
On Tuesday 22 November, the government announced that it will implement Council Regulation (EU) 2022/1854 to address windfall gains in the energy sector. This will include a cap on all market revenues of non-gas electricity generators, with excess revenues to be collected and used to support electricity consumers. The cap...
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Low carbon generation
Diversifying the Irish Energy Mix, could hydrogen be the answer?
The recent news that Nord stream has resumed flows into Europe will ease some of the fears of supply shortages heading into the winter for us all and have associated knock-on effects pricewise. Although back flowing, the EU commission on Wednesday urged countries to cut gas use by 15% over...
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Low carbon generation
RESS 2 by numbers
Last Friday, RESS 2 auction results were published, with nearly 2GW of new renewables projects successful in getting awarded a contract. We have put together an infographic that explains the auction outcome and what these projects will bring to our electricity system. We have also released a report with Wind...
