Greenlink is a proposed HVDC (high-voltage direct current) interconnector between Wexford on the south-east coast of Ireland and Pembroke on the south-west coast of Wales. Ireland’s Commission for the Regulation of Utilities (CRU) noted it could enable greater integration of renewable energy, boost security of supply and lower energy prices. It will now determine the best approach to a ‘cap and floor’ mechanism to support the Greenlink interconnector’s developer in the first half of 2019. In a ‘cap and floor’ model, “an interconnector’s sales revenues that are below the floor are topped up by network tariffs, and its sales revenues above the cap are returned to the end consumer”, the CRU explained.
Windpower Monthly 18th Oct 2018 read more »