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Ireland's low bids

Introduce a regulation and somebody somewhere is going to find a way around it. Ireland's Alternative Energy Requirement appears to be no exception to this rule. The latest round of bidding has resulted in contracts for wind power at the lowest prices yet seen. But rumour has it that at least some of the bids were no more than shadow-boxing by a company keen to keep competitors at bay in order to scoop the pool. The lowest priced projects will not get built, it is claimed. Time will tell if the sceptics are right. Meantime, the accused pleads not guilty.

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