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ARTICLE · 20 DECEMBER 2024

Energy - Horizon Scanner: Infrastructure, Construction, Energy, December 2024

The CRU is consulting until 18 December 2024 on a supplementary decision on offshore grid connections for projects that are successful in Phase 2 ORESS auctions.

IrelandEnergy and Natural Resources

KEY DEVELOPMENTS

Offshore Renewable Energy (Phase 2)

The CRU is consulting until 18 December 2024 on a supplementary decision on offshore grid connections for projects that are successful in Phase 2 ORESS auctions. (We looked at the original decisions here: Offshore Renewable Energy (Phase 2): Area Designation and Grid Connection Path.) The supplementary decision follows an industry request for clarification. The CRU has aimed to provide clarity in the following areas.

  • Guarantee of Availability: This concerns availability of EirGrid's transmission assets and compensation for outages of the assets. The proposal is to adopt the same regime as Phase 1 (where the ORESS strike price will provide a price signal for costs associated with unplanned maintenance periods). Since there will not be an Asset Transfer Process as in Phase 1, the GoA will start at the issue of Final Operational Notice. A different approach may be taken for subsequent phases after Phase 2.

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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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