Energy & Cleantech
No commentary on renewables in recent months would be complete without reference to the drop in oil prices over the last year. Some publications have sounded the death-knell for renewables in response to lower oil prices, but our view is that cheap oil is not likely to have a significant effect on the outlook for renewables. Ireland is no longer on track to achieve its 2020 EU climate change and energy targets and could face fines between between €80 and €600 million per annum.
With the Department of Energy, Communication and Natural Resources having introduced a consultation process on potential future supports for renewable electricity, including available technologies. Their cost effectiveness and the level of support required means an exciting time for the renewables industry in Ireland.
Acting on behalf of private developers, investors and financial institutions, we are one of Ireland’s leading professional services firms, having advised on over €700m of renewable energy financings. Our Energy and Cleantech team provides access to a wide range of services across advisory, tax and assurance to support our clients looking to build a sustainable and viable future. We work closely with our international network to offer a global service to our clients.
To learn more about our Energy and Cleantech services please contact Peter McArdle, Head of Energy and Cleantech.