Renewable auctions: giving clients 'win-power'

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.

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