Ireland's REFIT Scheme Extended

Author:Mr William Carmody, Rory Kirrane, Eoin Cassidy, Peter McLay, Liam Brazil and Frank O'Flynn
Profession:Mason Hayes & Curran
 
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In a move that should improve Ireland's prospects of achieving its ambitious 2020 renewable electricity target, the Minister for Communications, Climate Action and Environment has extended the connection deadlines that apply under the terms and conditions of the REFIT 2 support scheme.

REFIT 2 is a feed-in tariff scheme that was established in 2012 and is intended to support the development of up to 4,000MW of electricity generating capacity, from wind, hydro and biomass landfill gas technologies. Progress under the scheme is incentivised through the imposition of various deadlines, including a deadline for the initial support application (31 December 2015) and deadlines for the connection of each project that is admitted into the scheme. There have been extensions to three important deadlines:

the construction/energisation deadline has now been extended from 31 December 2017 to 31 December 2019; the off-take deadline has been extended from 30 September 2018 to 31 March 2020; and the deadline to meet the application conditions in respect of full grant of planning permission and grid connection has been extended from 31 December 2016 to 31 December 2017. However, projects will not receive support beyond 31 December 2032, which means that...

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