The indicative allocation for all of the TAMS scheme over the course of the Rural Development Plan is €395m. This indicative amount also includes funding for renewable energy investments. There are approximately 50 renewable energy investment items funded across the seven schemes under TAMS II.
There are significantly growing numbers of applications under the TAMS schemes for the solar investments in particular and, to date in 2020, approximately €10 million has been claimed for renewable energy investment items. Approvals for renewable energy investments which are worth €11m are still outstanding to be claimed.
The additional allocation in the July stimulus for these investments under TAMS will help to ensure that we can meet the growing demand from applicants as well as driving significant growth in on-farm electricity generation.