1. Renewable Energy Policies and Support Schemes Flashcards
What is the Renewable Energy Support Scheme (RESS)?
RESS is a framework designed to support the development of renewable energy projects.
The general purpose of RESS is to provide financial incentives and support mechanisms to encourage the growth of renewable energy sources such as wind, solar, hydro, and biomass.
What is the Climate Action Plan 2023 (CAP23)?
CAP23 is a comprehensive framework aimed at reducing carbon emissions, achieving climate neutrality, and integrating sustainable practices into Ireland’s broader socio-economic framework.
It builds on previous plans and introduces more stringent measures and targets to combat climate change and foster a sustainable future.
What are the key aspects of the CAP23 Plan?
- Annual Update and Legal Foundation
- Emission Reduction Targets
- Focus on Social and Economic Development
- Accelerated Climate Action
- Mandatory Carbon Budget Compliance
Primary targets include to reduce Irelands greenhouse gas emissions by 51% by 2030 and to achieve climate neutrality no later than 2050.
What are Interim Targets?
Interim Targets typically refer to specific, time-bound objectives that a company or project aims to achieve as part of a larger, long-term strategy.
What are DS3 Services in electricity grid management?
DS3 Services, under the Delivering a Secure, Sustainable Electricity System program, are initiatives by Transmission System Operators to maintain grid stability while integrating high levels of renewable energy, like wind and solar power.
What is the Low Carbon Inertia Service (LCIS)?
LCIS is a concept in electricity grid management focusing on procuring inertia from low carbon sources to maintain grid stability, especially as traditional power systems with high inertia are replaced by renewable energy sources with less inherent inertia.
What is REFIT and its role in the renewable energy sector?
REFIT (Renewable Energy Feed-In Tariff) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each technology.
Under REFIT, energy produced from renewable sources is purchased at a guaranteed price, providing a stable and predictable revenue stream for producers. This encourages investment in renewable energy projects by reducing financial risks and ensuring a reasonable return on investment.
What is a Loop-In Substation?
In electrical substations, a “loop” refers to a configuration that integrates the substation into the power grid in a way that it can be connected to two different power sources through incoming and outgoing feeders. This enhances the reliability and flexibility of the power distribution network by allowing for continuous power supply even if one source is offline and facilitating efficient load balancing across the grid. Loops play a crucial role in ensuring the resilience and efficiency of modern electrical grids.
