Power Capital secures 280MW of solar capacity in RESS 4

Power Capital Renewable Energy (PCRE) has secured 280MW of solar capacity in Ireland’s Renewable Electricity Support Scheme (RESS) 4 auction.

The amount is for two projects, taking the developer’s pipeline of solar projects in Ireland to secure routes to market to 1GW.

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

PCRE recently completed the construction of four projects totalling 230MW, each of which is supported by a corporate power purchase agreement (PPA) with large tech companies.

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

PCRE chief executive Justin Brown said: “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.”