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ARTICLE · 09 MAY 2024

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Renewable Electricity: RESS 4 Auction

Arthur Cox
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Terms and Conditions and the Timetable for RESS 4 are now available, with the qualification process opening on 20 May 2024.

IrelandEnergy and Natural Resources
Niamh McGovern
Niamh McGovern
Aaron Boyle
Aaron Boyle
Danielle Conaghan
Danielle Conaghan
Karen Killoran
Karen Killoran
James Downey
James Downey
Sarah Barrett
Sarah Barrett
Katrina Donnelly
Katrina Donnelly
Gillian Carragher
Gillian Carragher
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Terms and Conditions and the Timetable for RESS 4 are now available, with the qualification process opening on 20 May 2024.

The significant change in RESS 4 is the recognition that further mechanisms are needed to manage project delivery risk. The Implementation Agreement for successful bidders will now provide for a Relief Event adjustment of up to 24 months where a Project cannot achieve a particular Milestone by the relevant Milestone Completion Date or Commercial Operation by the Longstop Date. A Relief Event is an event or circumstance or number of events or circumstances or combination thereof which results in or causes the failure of the Generator to perform any of its obligations under the Implementation Agreement. Relief Events are limited to:

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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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