KEY DEVELOPMENTS
Offshore Wind Energy in Ireland
Future Framework
The Government of Ireland published its Policy Statement on the
Future Framework for Offshore Renewable
Energy, which we look at in a briefing here.
ORESS 2.1
The Government is also consulting until 7 June 2024 on draft terms and conditions for the ORESS 2.1
auction. Unrealised Available Energy Compensation remains a
feature, and notably the constraints carve-out is gone from
Eligible Available Quantity.
It is proposed that there will be relief for Grid Delay Events
(defined as action or inaction by the TSO which is outside the
reasonable control of the Generator that prevents or delays the
Generator from achieving Commercial Operation on or before the
Longstop Date), by way of potential extension of the Target
Commercial Operation Date and Longstop Date, as well as Grid Delay
Compensation for each day that Grid Delay Event occurs after the
Grid Delivery Date. Grid Delay Compensation will
