Oireachtas Joint and Select Committees
Tuesday, 22 March 2022
Joint Oireachtas Committee on Climate Action
Energy - Ambition and Challenge: Discussion (Resumed)
Mr. Mark Foley:
Agreed, but all future renewable energy in this country will be based on a competitive auction process. The market will ultimately deliver very significant reductions in the cost of renewable energy, I have no doubt about that. We have seen some of that come through in the first renewable electricity support scheme auctions already. Let us remember, this is proven technology that has been deployed all over the world. I believe we will see very favourable and competitive prices, and it will completely change the landscape in terms of pricing for renewables in Ireland.