Within hours of provisional results for the first auction in the Renewable Electricity Support Scheme (RESS) on Wednesday evening, phones were hopping between developers, investors and advisors across the solar and wind energy industry.  On behalf of the government, the electricity transmission grid operator Eirgrid has selected 82 winning bids, guaranteeing them their fixed bid price on a €166 million slice of the electricity market over 15 years. The final list is subject to government approval.  The big winners include established utilities such as ESB, Bord na Móna, SSE and Norwegian semi-state Statkraft, which took over Element Power two years…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .