of European renewables targets by the British Tory government [let's just stop referring to the coalition - it is simply a Tory government] is what is going on here.

That being said, however...

It is a step in the right direction towards the creation of a renewables grid across Europe with load being shared on a large scale, reducing overall intermittency.  So the greater good may be served.

I don't know if I'd go as far as to dub it a win-win.  The chances are, given the craven nature of this generation Irish politicians, that the deal struck will do little to benefit Irish citizens financially, but it might reduce our fossil fuel dependency in the future.