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Finance News

NIRO Closure for Onshore Wind – Summary

Following DETI's announcement regarding the closure for the Northern Ireland Renewable Obligation (NIRO) to Onshore Wind this morning (30th Sept 15), here is a quick summary of the requirements. It is proposed that NI follows the GB position by closing the NIRO to new onshore wind from 1 April 2016. This would apply to onshore wind projects of all sizes. In order to be eligible f...
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Ofgem Preliminary Accreditation – Act Now!

Recent announcements by The Department of Energy and Climate Change (DECC) on its intention to close the Renewables Obligation across Great Britain to new onshore wind projects from 1 April 2016 has created much uncertainty in the Northern Ireland wind energy market. The independent farm renewable energy consultancy - The GreenYard - is of the opinion that the four ROCs (Renewable Obligation Certi...
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NIROCs update

The election of the Conservative Government with a majority vote will have many implications for the UK. The new Government has not wasted anytime in pursuing its own policies. One immediate casualty of the election could well be the Green Energy economy and the UKs approach to climate change. Just this week, The Department of Energy and Climate Change (DECC) announced its intention to close the R...
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Financing Your Project – Part Two

In the second part of our look at the various options for financing your own project, we look at Private Equity Funding and Venture Capital. Private Equity Finance Funding by an individual or group of individuals seeking a secure return on their investment Can provide 100% of project cost. Will probably require security from turbine owner in addition to charge on the turbine Normally ...
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