Auction price cap will hinder onshore wind projects, expert warns

A senior associate at Aurora Energy Research said that the Renewable Electricity Support Scheme auction is set to 'yet again severely undershoot the procurement target'

The results of the last auction, Ress3, may foreshadow the outcome of Ress4 as it was “massively undersubscribed”, according to Statkraft vice president and director for Ireland wind and solar projects, Donal O’Sullivan.

Ireland’s final onshore wind auction may not be attractive enough to procure capacity needed to achieve 2030 targets, a leading research group has warned.

Aurora Energy Research claimed the Government’s decision to reduce the Renewable Electricity Support Scheme (Ress4) auction price cap for onshore wind projects from €110/MWh to €93.50/MWh, could result in difficulty securing finance for projects and subsequently make put the goals outlined in the Climate Action Plan in jeopardy.