Price supports to avoid green energy fines

Sources expect Ireland to miss binding 2020 target

11th December, 2016

The government will roll out a new price support for renewable energy next year in an effort to stave off hundreds of millions of euro in fines from the European Commission.

Industry sources said that they expect details of a new scheme to be confirmed late next year or early in 2018. Sources said that they expect Ireland to miss its binding 2020 target for renewable energy generation, prompting fines.

However, they said that a new price...

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