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Irish wind lobby pressures for index-linked price
1 April 2001
The Irish Wind Energy Association (IWEA) is calling on energy minister Joe Jacob to price contracts under the next Alternative Energy Requirement (AER) at I£0.0419/kWh. The level of unit pricing is the critical factor in presenting viable projects that can satisfy funding criteria, argues IWEA. Developers of over 2000 MW of wind projects, which already have planning consent, are waiting to see what price the government offers under the next AER. The IWEA claims that too low a price will result in generators being overly dependent on private buyers, who may offer only low priced, short term contracts, and lead to Ireland failing to meet its international commitments on carbon dioxide emissions. An index linked price of £0.0419, based on the cash-flows required at constant prices for three different project sizes, with a 15 year life, is recommended in a report for IWEA by SW Corporate Services. "Setting the price any lower may sound a death knell for the infant industry" says IWEA's Aidan Forde. "The choice is stark: long term sustainable growth versus boom and bust," adds Forde.
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