This would be enough to supply between 470,000 and 833,000 average homes with electricity every year.
The department explained that RESS 3 did meet lower targets, between 500GWh and 1,500GWh, set early this month as the auction neared, and revised to take the number of suppliers likely to bid for contracts into account. sets the terms and conditions and approves each auction, while national electricity grid manager EirGrid administers the process., Danish group, Ørsted and SSE Renewables, part of the same group that owns SSE Airtricity, will be paid €100.47 a megawatt hour for their power over 15 years from April 2027.
The department agreed that potential bidders did not take part as they were still finalising electricity grid connections or feared legal challenges to their planning permissions or did not believe their plants would be ready to generate electricity by April 2027, the deadline set in the auction.