Ireland Offering Renewable Investors Attractive Opportunities in 2022
On the back of a successful year in 2021 raising funds, Green Crowd looks positively to 2022 offering investors attractive opportunities with its renewable investment portfolio.
We forecast robust renewables growth in the Irish power sector and note significant upside risk to this already positive view in light of continued investment in renewables. The market’s diverse competitive landscape reflects the attractiveness of the market to large developers, with Ireland offering large rewards for minimal levels.
2021 EIIS Investment opportunities recorded successful raises by investors :
Tipperary based company, Bioenergy Technology, a dedicated biomass boiler manufacturer exceeded their target and raised €528,000 to fund the installation, commissioning and operations of six biomass heat generating systems. The biomass systems will be installed at nursing homes, commercial office blocks and leisure centres and will provide the heat energy produced under fifteen-year supply and maintenance contracts. All contracts will benefit from support under the government funded Support Scheme for Renewable Heat (SSRH) administered by Sustainable Authority of Ireland (SEAI).
Solarstream installs PV Solar Systems on commercial and domestic roof tops throughout the island of Irelandwith its Head Office based in Carlow. Solarstream raised almost €1m to allow the business to continue to provide a ‘Solar as a Service’ offering to the residential homeowners and expand the offering to commercial business owners. The business expects to install up to 1 megawatt per year (equivalent of 300 residential installations) onto commercial and domestic rooftops on an ongoing annual basis.
Avoncourt Building & Construction raised close to €500K of start-up funds to capitalise a niche residential construction company to meet the on the growing demand for residential homes. The money raised by the company will be used to commence building and construction on residential projects.