ORESS 1 Community Benefit Fund - Rulebook for Generators and Fund Administrators
From Department of the Environment, Climate and Communications
Published on
Last updated on
From Department of the Environment, Climate and Communications
Published on
Last updated on
This Rulebook sets out the basis of the working relationship between each Generator and the Fund Administrator they appoint to undertake the implementation of the ORESS 1 Community Benefit Fund for their respective projects. It provides details on how each fund must be established and how it must be conducted to be properly representative of the local community and wholly inclusive in all its decision-making. This includes regulatory and compliance obligations.
Local coastal and marine communities will play a central role in facilitating and supporting the development of Ireland’s offshore renewable electricity ambitions. This is a vital component in meeting Ireland’s commitments under the Climate Action Plan 2022. Phase 1 and Phase 2 of offshore wind are expected to deliver 7GW of installed capacity.
This Rulebook exclusively relates to the first offshore auction.