DANGER

REFIT 2

CLIFF EDGE

2017

REFIT 2 CLIFF EDGE

Key Dates • December 2015. Planning required in order to

secure a REFIT 2 letter of offer. • Project must be connected by 31 December

2017.

REFIT 2 CLIFF EDGE

Extension of REFIT 2 Urgently Required

• Modification offer delays

• Grid connection planning consent delays

• Role out of grid connections

RATES“Fair and equitable?”

RATES“Fair and equitable?”

Rateable Valuation Examples: Wind v Competitors

• Tynagh Energy, Galway: 400 MW, Rateable Valuation: €30,950, Val-Off Property ID:2184395 Small Scale 2.0 MW Wind Turbine in operation, Rateable Valuation: €184,347 Tynagh Energy: Rateable as per Limerick Valuation on wind: €37,000,000

• Whitegate (BGE), Cork: 400 MW, Rateable Valuation: €39,000, Val-Off Property ID:2208672 Small Scale 2.0 MW Wind Turbine in operation, Rateable Valuation: €184,347 Whitegate: Rateable as per Limerick Valuation on wind: €37,000,000

• Poolbeg, Dublin: 1020 MW, Rateable Valuation: €155,500, Val-Off Property ID:344703 Small Scale 2.0 MW Wind Turbine in operation, Rateable Valuation: €184,347 Poolbeg: Rateable as per Limerick Valuation on wind: €94,000,000

• Moneypoint, Clare: 915 MW, Rateable Valuation: €152,370, Val-Off Property ID:2171585 Small Scale 2.0 MW Wind Turbine in operation, Rateable Valuation: €184,347 Moneypoint: Rateable as per Limerick Valuation on wind: €84,338,752

• Ardnacrusha, Clare: 85 MW, Rateable Valuation: €22,000, Val-Off Property ID:2171586 Small Scale 2.0 MW Wind Turbine in operation, Rateable Valuation: €184,347 Ardnacrusha: Rateable as per Limerick Valuation on wind: €7,834747

RATES“Fair and equitable”

• 218% increase in rates liability

• As outlined by (CER and NIAUR), the average Net Profit per MW of installed wind energy capacity in 2013 was shown to be €13,850 per anum, which for example is far lower than coal at €85,880 and peat at €143,540

• The introduction of excessive commercial rates for wind farms, is in direct conflict with our meeting of EU climate targets and the Renewable Energy Directive 2009/28/EC.

• Direct contravention of Irish and EU competition law

• What signal does this send out to external investment .