Investing in Ireland’s Energy Transition: RESS 3, Hybridisation and Beyond

Synopsis

The Irish Government has committed to reaching 80% renewables share in the energy generation mix by 2030. The Government is supporting the deployment of generation through the auction-based Renewable Electricity Support Scheme (RESS). The RESS will package between €7.2bn to €12.5bn in supports.

The latest allocation of RESS (RESS 3) is scheduled to conclude Q4 2023. RESS 3 includes allocation for both solar and hybrid solar and storage projects. An electricity storage policy framework for Ireland is on the horizon causing appetite for storage and hybrid solar to heat up. This session explores the investment tail and headwinds ahead for Ireland.