Irish Solar Energy Company PCRE Secures High Volume of MWs in the RESS Auctions

Following previous successes in RESS 1, 2 and 3, Power Capital Renewable Energy, based in Dublin, has secured a further CFD award (Contract for Difference) for two projects which will have an installed cumulative capacity of 280MWp in Ireland’s latest renewable electricity support scheme.

This result, announced on Monday September 9th, has put Power Capital Renewable Energy ahead of the competition in terms of volume awarded for solar energy. This brings it up to 1GW of capacity for which routes to market have been secured by Power Capital Renewable Energy, a major milestone for the company and the industry.

This result further strengthens PCRE’s leading position in the Irish solar market, having recently completed the construction of four projects totaling 230MWp, each of which is supported by a Corporate PPA with large tech companies. 

PCRE has also now commenced construction on a further 330MWp of RESS 2 assets and expects to start construction of its RESS 3 and RESS 4 projects in 2025.

Speaking about the RESS 4 results Justin Brown CEO of PCRE says:

“It is positive to see the momentum building towards the Government’s 2030 targets of producing 80% of Ireland’s electricity from renewable sources. Power Capital Renewable Energy is delighted to be contributing to this, and the recent RESS 4 success allows us to continue to build upon our track record in the delivery of projects onto the Irish grid.”

PCRE’s latest projects will be developed in counties Tipperary and Wexford.

PCRE | www.powercapital.ie