Small scale renewables producers to get bigger rewards

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Small scale and community projects who generate power from solar and wind power are set to receive increased financial rewards under plans announced by the Minister for Energy today.

The Small-Scale Renewable Energy Support Scheme will see farmers, small firms and communities who produce their own electricity receive more attractive fixed tariffs.The largest supported category, which are grid scale community solar projects, will receive a guaranteed tariff 20% higher than the average community price in the most recent energy auction for community projects two years ago.

"SRESS will offer supports for renewable electricity installations which are not as suited to other support measures, such as the utility scale Renewable Electricity Support Scheme and the Micro-generation Support Scheme – essentially filling the gap between those two scheme." "This will be particularly the case where projects are funded using bank or other forms of debt financing at high interest rates."

"These have to be re-examined by the Commission for the Regulation of Utilities and the Networks Operator, ESB Networks, if we are serious about promoting the wider adoption of renewable energy.""Solar energy has made remarkable progress in Ireland over the past two years. We have seen a number of solar farms connecting to the grid, while households nationwide are increasingly adopting rooftop solar panels," said CEO Conall Bolger.

 

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