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Ireland Launches Renewable Tariff Scheme for RECs, SMEs

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The Irish government has opened its fixed-tariff scheme to help renewable energy communities (RECs) and SME’s that produce their own power, with successful applicants receiving a premium on the market revenues, according to PV Magazine.

  • Tariff rates for RECs have been set at €150/MWh for solar projects below 1MW and €140/MWh for projects between 1-6MW.
  • SMEs, the tariff rates are €130/MWh for solar projects under 1MW and €120/MWh for projects between 1-6MW.
  • Cheaper tariffs have been set for wind projects.
  • The tariff is higher for RECs due to the additional barriers such projects face when establishing planning, grid connection and financing, according to the government.
  • The first phase of the scheme started in 2023 and was aimed at self-consumers above 50kW and up to 1 MW.
  • A third phase, expected to support all applicant categories, is currently scheduled for 2026.
  • Ireland is targeting 80% of its energy production to come from renewables by 2030.
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The Irish government has opened its fixed-tariff scheme to help renewable energy communities (RECs) and SME’s that produce their own power, with successful applicants receiving a premium on the market revenues, according to PV Magazine.

  • Tariff rates for RECs have been set at €150/MWh for solar projects below 1MW and €140/MWh for projects between 1-6MW.
  • SMEs, the tariff rates are €130/MWh for solar projects under 1MW and €120/MWh for projects between 1-6MW.
  • Cheaper tariffs have been set for wind projects.
  • The tariff is higher for RECs due to the additional barriers such projects face when establishing planning, grid connection and financing, according to the government.
  • The first phase of the scheme started in 2023 and was aimed at self-consumers above 50kW and up to 1 MW.
  • A third phase, expected to support all applicant categories, is currently scheduled for 2026.
  • Ireland is targeting 80% of its energy production to come from renewables by 2030.