Minister for Energy Eamon Ryan has described Government approval of terms and conditions for the first offshore wind auction as “another massive step forward” towards Ireland’s future as an “international green energy hub”.
ORESS 1, the first auction for offshore wind under the Renewable Electricity Support Scheme, is also the first offshore auction in Ireland’s history.
It follows last year’s enactment of the Maritime Area Planning Act, and the awarding of Maritime Area Consents (MACs) to phase one offshore wind projects last month.
The first offshore wind auction is expected to provide a route to market for up to 2.5GW of offshore renewable energy to the Irish grid, which is “enough to power 2.5 million Irish homes with clean electricity”, according to Ryan’s department.
“Coming during the weeks of the international climate summit COP27, publishing details of the auction sends a strong international signal that Ireland is serious about offshore energy and our national climate targets and obligations,”it said.
All offshore wind projects developed via ORESS will be required to make community benefit fund contributions from construction phase and continuing for the duration of the support period, the department says.
This community benefit fund will last “typically for a total period of 25 years” and will “result in lasting, tangible benefits for these communities”, it says.
Ryan said the first stage of “this transformative auction” will start before Christmas, and a final ORESS 1 auction calendar will be published by EirGrid shortly.
He said the pre-qualification stage will launch next month (December), while the qualification stage and the auction procedure will take place in the first half of 2023. Final auction results will be published by June 2023.
Any project that has been awarded a MAC is eligible to partake in the ORESS 1 auction. Seven projects – known as “relevant projects’ – were deemed ready to apply for MACs in Spring 2022.
At least three offshore energy auctions are currently planned for this decade.