28 °C Singapore, SG
September 25, 2021
Latest News
MingYang Launches World’s Largest Offshore Hybrid Drive Wind Turbine RWE eyes Japanese floating offshore wind with Kansai Electric Power India expanding investments in renewables after 2020 decline Shipping power in batteries from offshore wind farms Blockchain for solar panel recycling in Japan Southeast Asia pins hopes on carbon capture to cut emissions Delivery Hero sustainability chief: we need to decouple ‘hyper’ business growth from carbon emissions In-depth Q&A: The IPCC’s sixth assessment report on climate science Distillery buys two biogas engines that will boost bioethanol production GE H-Class turbines help power plant operators with renewable energy transition GE Gas Turbine upgrade assists Keppel Infrastructure’s carbon abatement goals BlackRock Real Assets to back Korean offshore wind farm project CIP to sell minority stake in Taiwanese offshore wind cluster Nearly 76 Gigawatt-Hours of Battery Cells Produced in U.S.A 2010–2020 Melting tropical glaciers sound an early warning Enhanced cooperation on renewable energy transition between International Renewable Energy Agency and China Decarbonising industry is key to China’s net-zero strategy Carbon Brief’s China weekly digest. Rising seas could cost Asia’s biggest cities US$724 billion by 2030 Electric Vehicle Growth is Accelerating but its Given Rise to a New Social Faux Pas Southeast Asia PR industry launches working group to curb greenwashing Asia Pacific wind and solar spend to hit $1.3trn this decade How the next 5 years can buy us a decade to solve climate change G7 leaders urged to support SAF Uncrewed survey vehicles for offshore wind farm surveys Pathway to global climate catastrophe is clear Mohdi: India’s vision for a biofuels future EGAT to pilot flexibility in Thailand China Briefing, 3 June 2021: New climate ‘leaders group’; ‘Record-breaking’ electricity consumption; ‘Artificial sun’ Wärtsilä commissions first energy storage projects in the Philippines

Ireland’s renewable electricity scheme gets EU approval

Ireland’s Renewable Electricity Support Scheme (RESS) has passed EU state aid rules, allowing it to take provide funding for future renewable projects.

The Irish government designed the RESS scheme to help the country transition towards renewable energy. Its targets include making 70% of its energy from clean sources by 2030, while contributing to the EU renewable energy target.

Set to run until 2025, the scheme will have an estimated total budget of between $8.3bn (€7.2bn) and $14.4bn (€12.5bn).

Minister for communications, climate action and environment Eamon Ryan said: “I am delighted to welcome this announcement today from the EU Commission. It endorses the government’s commitment to the Green Deal and launches a renewable energy revolution in Ireland.

“The RESS will provide us with a platform for rapid deployment of onshore and offshore wind and solar projects at scale and at least cost, replacing fossil fuels on our energy grid. It also offers communities the opportunity to produce their own power and share in the ownership of Ireland’s energy revolution.”

Ireland has committed to an average of 7% annual reduction in overall greenhouse gas emissions from 2021 to 2030. It also aims to achieve net-zero emissions by 2050 using the RESS measure to achieve this.

The aid package will supply all eligible technologies that produce clean energy from renewable sources through auctions. Successful applicants will receive support for 15 years, in the form of a premium on top of the market price.

Ryan added: “To date, onshore wind energy has been the most cost-effective technology available to Ireland, however, to drive on and meet our renewable energy ambitions, other technologies such as solar and offshore wind will play a critical role in diversifying our renewable generation portfolio for the period out to 2030.”

Source