New plans released offer no certainty for small-scale solar and choose an auction-based system for large-scale solar.
Irish solar developers will have to compete with other renewable energy technologies in large-scale auctions under government proposals unveiled yesterday, which also failed to offer concrete plans for support to rooftop solar.
After months of delay, the Department of Communications, Climate Action & Environment (DCCAE) published its consultation on the design of a new Renewable Electricity Support Scheme in Ireland, which will be used to meet the country’s 2030 renewable electricity objective of 40%.
It sets out plans for a ‘principal category auction’ encompassing all viable technology options which will compete on a cost effective basis. A selection of winners will be based on price only, with solar having to compete with other technologies with similar viability gaps.
The other generation assets to be included in the RESS are varying forms of wind, bioenergy, CHP, hydro, ocean, waste to energy and geothermal.
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.
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