At PwC Ireland, we help clients build a greener, more resilient future by reimagining renewable energy projects and investing in sustainable assets.
Ireland’s energy market is evolving at an unprecedented pace. With ambitious climate goals, we have a unique opportunity to revolutionise our energy system. However, this opportunity comes with challenges. Our dedicated energy transition team, comprising professionals in assurance, consulting, deals, regulation and tax, can help you navigate this rapidly changing environment.
Despite the societal and economic opportunities, the energy transition in Ireland faces significant industry challenges. Clients must navigate issues related to financing, routes to market, procurement, corporate structuring and stakeholder engagement. Additionally, entering or exiting investments requires strategic planning to maximise returns and minimise risks.
Financing energy transition projects in Ireland is challenging due to macroeconomic conditions like inflation and high interest rates. These conditions increase the cost of bids, making complex projects economically demanding. Such projects often need funding from multiple sources, and even minor issues can lead to significant cost overruns. At PwC Ireland, we understand the intricacies of debt markets and financial services. We help clients establish optimal debt syndicates and manage the debt and equity tender process to ensure project viability.
Energy transition projects demand substantial resources, straining supply chains and increasing labour needs. These complex projects involve many disjointed components like specialist work packages, technologies and consortia members that need integration. Meeting Ireland’s decarbonisation targets requires tight timelines, but planning and other bottlenecks often cause delays, potentially making projects unviable. PwC Ireland offers a fully integrated advisory service to manage every step of the process. By serving as a central fulcrum from start to finish, we enhance efficiency and coordination, ensuring project success.
Energy transition projects bring significant social and economic benefits but often attract scrutiny from political and regulatory stakeholders. Across the European Union, varying national policies, permit issues and international competition contribute to an uneven playing field. PwC Ireland develops detailed stakeholder and community engagement plans for each project. These plans encompass local and indigenous economic and social benefits, and we liaise with various government agencies to ensure smooth implementation and compliance.
Determining the optimal route to market is essential for ensuring that energy transition projects are “bankable” and can secure financing. PwC Ireland helps investors identify the best route to market, assess investment returns at various bid prices, and find off-takers to secure the best terms. By optimising these factors, we help clients unlock financing and ensure the economic viability of their projects.
Despite the challenges, Ireland remains an attractive location for investors in the energy transition market. Knowing the optimal time to buy or sell can be crucial for an organisation’s success. PwC Ireland provides a comprehensive suite of mergers and acquisitions (M&A) services, including market sounding, valuations, financial modelling, due diligence (financial and tax) and full financial lead advisory. Our expertise ensures clients can make informed decisions and maximise their investment returns.
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Our deals team collaborates with you to bring investments from inception to completion. Maximising investor returns is complex and requires an in-depth understanding of the market and all aspects of the investment. Our areas of expertise include determining the optimal route to market, RESS/ORESS bid assistance, identifying and negotiating CPPA/off-take agreements, project finance, valuations, financial modelling, and mergers and acquisitions.
We offer comprehensive consulting services to ensure that your energy transition projects are managed effectively and efficiently. We enhance customer interactions to improve satisfaction and loyalty, protect your assets and data with robust cybersecurity measures and forensic analysis, and leverage data to inform decision-making and drive business performance.
Our finance transformation services streamline financial operations to increase efficiency and support strategic objectives, while our focus on operational excellence optimises processes and operations to achieve peak performance. We manage your project portfolio to align with business goals and maximise value, and develop and implement strategies to achieve long-term growth and sustainability. Additionally, we integrate advanced technologies to support and enhance your business operations, ensuring a seamless transition into a sustainable future.
We provide expert tax structuring advice for renewable energy investments, including wind, solar, hydroelectric and battery storage. We review tax assumptions in financial models, structure financing and acquisition strategies, and assess cash repatriation impacts. Our services include legal documentation review, funds flow preparation, ongoing tax compliance, and both buy-side and vendor tax due diligence. Post-acquisition, we ensure seamless tax integration.
Navigating the tax implications of energy transition can be complex. To help clients, we conduct business transformation and supply chain reviews, quantify environmental and energy taxes, and help secure incentives like R&D tax credits and grants. We also advise on corporate power purchase agreements, carbon credits and carbon trading platforms.
Our Assurance team provides accounting support for corporate power purchase agreements (CPPA), covering areas such as consolidation (IFRS 10), leases (IFRS 16), and financial instruments and hedge accounting (IFRS 9). We also offer accounting valuation support on an ad-hoc or outsourced basis, ensuring compliance and financial accuracy throughout your energy transition projects.
