“Disappointing” was the word du jour following Tuesday’s results of the fourth government-sponsored auction under the Renewable Electricity Support Scheme (RESS). The latest round of bidding has resulted both in the highest price and the lowest volume secured for green electricity since the scheme opened in 2020. To incentivise the transition to 80 per cent of Irish electricity from renewable sources by 2030, the RESS offers wind and solar energy developers a guaranteed revenue stream in the form of two-way contracts for difference for the lowest prices accepted at each auction. For 15 years onshore or 20 years offshore, if…

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