The Irish government has approved the country’s long-awaited Renewable Electricity Support Scheme (RESS), with the first auction set to take place in 2019 after state aid approval has been secured from the European Union.
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.
UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.
Solar developers in Ireland have been told not to expect the first auction in a new government support scheme for large scale projects until early 2018 in the latest update from the Irish Solar Energy Association (ISEA).
