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FIREPSOL

    The Southern Regional Assembly is the Irish partner in an Interreg Europe Project called FIRESPOL.  The project is finding new solutions to address the financial barriers currently impeding greater investment in the generation and storage of Renewable Energy Sources.

    The project, which commenced on the 1 June 2018, has a total budget of €1,325,220 and includes partners from Croatia, Germany, Latvia and Poland with the Lead Partner being the Extremadura Energy Agency, based in Badajoz, Spain.

    Objectives:

    FIRESPOL aims to boost regionally-specialized and decentralized Renewable Energy Private Investment, by addressing the financial barriers currently stopping the investment in Renewable Energy Sources (RES).

    Why FIRESPOL?

    Although many European Member States have introduced measures to boost RES generation and storage, most are still below the expected RES 2020 targets, including Ireland. To try and achieve the RES targets, FIRESPOL is taking a new approach by looking specifically at unlocking the great potential of private investment by overcoming the financial, legal and administrative barriers in decentralized investment for both, RES generation and storage.

    How will FIRESPOL do it?

    This will be achieved under the remit of the current, and /or future Regional Operational Programmes by engaging with stakeholders, experts and the general public to create one action plan per region. This will lead to new regional policies and move away from the older model of non-repayable grants, and instead, focus on creating financial instruments (FI) or innovative grant schemes to reach RES targets.

    Outputs

    • Influence the design of 6 OPs in 6 EU regions, involving 4 Managing Authorities and 2 key energy actors
    • 212 people increasing professional capacity attending interregional events
    • 33 policy learning events with stakeholders 
    • 90 good practices identified and collected in a Guide of 15 Best Practices
    • 6 Regional Action Plans

    Timing:

    FIRESPOL will last for four years and is divided into two phases:

    • Phase 1: Jun 2018-May 2020: Sharing of RES and FI knowledge and experience with local stakeholders and interregional partners to develop Regional Action Plans
    • Phase 2: Jun 2020-May 2022: Implementation and monitoring of Regional Action Plans

    Project Contacts

    Karen Coughlan, EU Projects Officer, Southern Regional Assembly
    Phone: +353 (51) 860 706
    Email: kcoughlan@southernassembly.ie

    For further news and information visit the FIRESPOL website
    https://www.interregeurope.eu/firespol/