RESS is a pivotal policy initiative by the government of Ireland aimed at fulfilling the commitments outlined in the Climate Action Plan, which targets generating at least 70% of electricity from renewable sources by 2030. This initiative aligns with global efforts to incentivise renewable energy technologies, thereby reducing reliance on fossil fuels and mitigating climate change. RESS operates by governments contracting to purchase electricity from renewable energy projects at a guaranteed price for an extended period, typically around fifteen years. This mechanism provides developers with the necessary certainty to establish and operate projects. A fundamental aspect of RESS is ensuring that communities benefit directly from renewable electricity projects, achieved through various community requirements outlined in the RESS-1 terms and conditions.
Community Benefit Fund
One of the significant components of RESS is the establishment of a Community Benefit Fund associated with renewable electricity generation projects. This fund is intended to enhance the economic, environmental, social, and cultural well-being of local communities. RESS mandates that developers contribute €2 per Megawatt hour of generation into this fund, resulting in substantial annual funds available for community benefit
- Real and Quantifiable Funds: RESS generates significant funds annually, providing tangible benefits to host communities.
- Community Empowerment: Communities have the opportunity to shape and benefit from renewable energy projects in their vicinity.
- Sustainable Development: Funds support initiatives aligned with UN Sustainable Development Goals, promoting education, energy efficiency, sustainable energy, and climate action.
- Transparent Allocation: Funds are allocated according to specific criteria outlined in the RESS-1 terms and conditions, ensuring fair distribution and effective governance.
The division of the Community Benefit Fund is outlined in detail in the RESS-1 terms and conditions. Key points include:
- Direct Household Payments: A minimum of €1,000 is paid to each household within a 1-kilometre radius from the RESS 1 Project.
- Support for Community Enterprises: At least 40% of the funds support not-for-profit community enterprises focusing on initiatives related to sustainable development goals.
- Administration and Governance: Up to 10% of the funds may be allocated for administration to ensure effective management and governance.
- Initiative Funding: The remaining funds support initiatives proposed by clubs, societies, and similar not-for-profit entities through an annual application process.
How to Apply
For detailed information on eligibility criteria, application process, and fund allocation, please refer to the RESS Handbook.
For more information see: https://www.seai.ie/community-energy/ress/
Grant applications are a key specialty of Celtic Dynamics. We actively research and apply for grants on behalf of your company, ensuring you can access available financial assistance to optimise the overall cost of your energy projects.
How to Proceed:
Ready to secure funding for your energy-saving projects? Book a call with Celtic Dynamics to discuss the details further and receive a customised quotation. Our Energy Grant Applications service is designed to enhance your chances of success in securing grants for your energy initiatives.