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ARTICLE · 01 OCTOBER 2024

Energy - Horizon Scanner: Infrastructure, Construction, Energy

Arthur Cox
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Provisional results for the RESS 4 auction results are available here. The average bid price was €96.85/MWh. (Previous average bid prices were €100.47 in RESS 3, €97.87 in RESS 2 and €74.08 in RESS 1.)...

IrelandEnergy and Natural Resources
Arthur Cox
Arthur Cox
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KEY DEVELOPMENTS

RESS 4

Provisional results for the RESS 4 auction results are available here. The average bid price was €96.85/MWh. (Previous average bid prices were €100.47 in RESS 3, €97.87 in RESS 2 and €74.08 in RESS 1.) Volumes to be awarded are up as compared to the last competition, as shown below:

  • RESS 1: 86 projects were successful, representing a total Deemed Energy Quantity of 2236.652 GWh or Offer Quantity of 1275.536 MW.
  • RESS 2: 80 projects were successful, representing a total Deemed Energy Quantity of 2747.89 GWh or Offer Quantity of 1948.201 MW.
  • RESS 3: 23 projects were successful, representing a total Deemed Energy Quantity of 934.48 GWh or Offer Quantity of 646 MW.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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