Who controls the largest share of €1.9bn State-backed green energy contracts?
There have been six State auctions to support the production of renewable electricity in Ireland since the current scheme was introduced in 2020. Since then, 235 onshore renewable energy projects, and four offshore ones, have been awarded 15-year contracts – although not all of them have delivered. The Currency analysed the results of every auction to establish who currently owns those projects; a handful of big players, and some surprising upstarts, dominate the competition. Recognising that wind and solar farms need backing to develop in a high-risk environment, the State developed the Renewable Electricity Support Scheme (Ress) – reintroducing supports…
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