Ireland may allocate 796 MW of solar in first renewables auction. The government has announced the provisional results of the nation’s first renewable energy procurement exercise and says the 1 TWh auction will end up allocating more than 2.2 TWh of generation capacity for an average final electric price of €0.07408/kWh.
PV Magazine 5th Aug 2020 read more »
Solar has superseded expectations as it scooped up 796MW in Ireland’s first Renewable Electricity Support Scheme (RESS) auction. The technology had been guaranteed up to 10% of the available capacity ahead of the auction, however it took home 34% of the overall auction energy volume. The majority of this was awarded in the technology neutral category, with the Irish government stating solar proved to be “very competitive”. The technology has smashed predictions, as it was expected to be contracted for just 100-300MW compared to the 796MW it ended up winning at an average strike price of €72.92/MWh (£65.78/MWh).
Solar Power Portal 5th Aug 2020 read more »
Solar industry supercharged as 63 projects get state backing. Ireland is poised to develop a commercial solar industry after dozens of projects received backing from the state. David Maguire, the chief executive of the Irish Solar Energy Association, said that solar developments worth approximately half a billion euros would now be built after the completion of the first round of a state support scheme.
Times 6th Aug 2020 read more »