Successfully advising a range of clients on the recent Irish renewable power auction, RESS-1, is a further milestone in Baringa’s market-leadership of competitive bidding strategies and insight.
The first of many Irish renewable power auctions, RESS-1, was held during the summer of 2020, awarding 1,275MW to 63 solar and 19 onshore wind energy projects.
Baringa’s clients won a significant proportion of the total available volume and they did so with a high degree of confidence that their bids would be accepted while maximizing revenues.
We were able to provide our clients with the necessary insight to inform their bidding strategies because of our knowledge of the Irish power market, our proprietary auction model (specifically adapted for RESS-1 rules) and our dedicated in-house power market modelling suite, covering additional ancillary and capacity market revenues and merchant-tail power revenues.
For more information, speak to Mark Turner, Director.
Related Case Studies
Shaping a self-generation strategy for a major data centre
How do you develop an energy generation plan that balances sustainability with commercial due diligence?
Read more
Evaluating the case for the world’s biggest offshore wind project
We helped our client reach financial close for all three phases of the project, securing 15-year CfDs with delivery between 2023-2025.
Read more
Green Hydrogen value-chains unpacked
Mapping and analysis of the potential of Green Hydrogen across multiple European markets helped our client’s strategic focus and investment decision-making.
Read more
Working with Netbeheer Nederland, we helped the Netherlands’ grid get to grips with solar
New solar panels are installed across the Netherlands daily. Each one is a step towards a greener energy system but only if that system is set up to use them.
Read more