With Ireland having confirmed the winning bidders from its inaugural... Read more →
Irish wind market braced for uncertain times
Irish onshore wind owners are set to take on much greater responsibility for accurately forecasting energy production as part of a market integration with EU standards next May. The “I-SEM” arrangements are expected to increase costs, although no one active in the Irish renewables market is yet exactly sure by how much. Owners and lenders can take some comfort from Ireland’s track record in respecting international investors, and its need to incentivise further investment to meet 2020 renewables targets. But the new feature will introduce further complexity into what is already an often tricky market
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