The Department of Communications, Climate Action and Environment (DCCAE), at an industry briefing event on 22 November 2019, provided further information on the Renewable Energy Support Scheme (RESS) timelines and how the first auction (RESS 1) will operate.
At a subsequent press conference on 2 December, Minister Bruton announced that the Government has now approved the detailed design of RESS 1, subject to State Aid approval. These updates have been eagerly awaited by stakeholders in the renewable energy sector. Developers need as much certainty as possible on RESS so they can prepare their financing, resourcing and bidding strategies.
Our briefing note sets out an overview of the main highlights from the November briefing session.
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For more information on this or if you have any queries, please contact Ainsley Heffernan in our Energy and Natural Resources Group.
