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Pinergy Launches €30m Solar Energy Fund Set To Target Irish Retail Sector

By Donna Ahern
Pinergy Launches €30m Solar Energy Fund Set To Target Irish Retail Sector

Pinergy has announced the launch of a €30 million fund to accelerate the delivery of solar energy to businesses within the retail, manufacturing, logistics and other and industrial sectors across the country.

The clean energy supply & solutions company noted that the funded solar is a new service for commercial energy users that will enable them to access lower-cost renewable energy as they get ready for the energy transition.

As part of this new service, Pinergy highlighted that it will design, install, and maintain the solar PV installation in their clients’ commercial properties with no capital outlay for the business.

Speaking at the launch of the new solar energy fund for businesses, Enda Gunnell, CEO, Pinergy, said, “Many businesses have been faced with rising operating costs due to volatile energy markets over the last few years.

"We recognised that there is need to provide a simple solar solution that maintains security of supply while reducing costs to businesses across the country, while also enabling them to play their part in a sustainable energy future.”


Immediate Benefits

The new service 'enables commercial clients to experience the benefits of a solar PV installation without the upfront capital cost, whilst ensuring the business can immediately benefit from the generation and use of renewable energy.

“The Pinergy Solar Fund is our solution to meet the needs of many businesses, who are not ready to make the upfront capital investment that Solar projects traditionally require," he added.

Pinergy noted that it will fund the initial installation and maintain the solar PV project, while at the same time our clients benefit from certainty on and reduced energy prices for the next 25 years.

© 2023 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click sign up to subscribe to Checkout.

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