Activ8 Solar Energies, Ireland’s leading solarprovider and leading energy provider SSE Airtricity have partnered to launch an all-island funded solar initiative for businesses, worth up to €200 million. The initiative will help Irish businesses install on-site solar systems without upfront costs, offering long-term energy price stability.
Activ8 and SSE will invest in funding, installing and maintaining the Solar PV system while businesses will pay for the electricity they generate on site, at an agreed and attractive rate compared to grid electricity, through Power Purchase Agreements (PPAs).
This initiative comes as energy costs continue to fluctuate due to international supply pressures and geopolitical uncertainty. By ensuring a portion of their energy costs is covered for 15-25 years, participating companies can improve financial predictability, competitiveness; and ultimately the long-term stability of their operations.
The Solar PV initiative is available nationwide and is expected to appeal to sectors with high and consistent energy demand, including manufacturing, logistics and large-scale commercial operations. Projects may also qualify for support through the Sustainable Energy Authority of Ireland commercial grant scheme.
Commenting on the launch, Ciaran Marron, CEO of Activ8 Energies said “Energy price instability has become a real issue for Irish businesses, and many are looking for ways to take control of a cost that can fluctuate dramatically from month to month. This funded initiative gives companies a clear path to predictable energy pricing without upfront investment. It is a sustainable solution for businesses of all sizes, allowing them to plan ahead with greater confidence, invest in growth and remain competitive even as energy markets remain uncertain.”
Minister for Climate, Energy and the Environment, Darragh O'Brien attended the launch, saying, “Key priorities for me in government are renewable energy expansion, energy affordability and security, and climate targets alignment.
Alongside this, private investment at this scale helps give companies practical options for businesses to reduce exposure to market volatility and plan with greater confidence; while also ensuring we are taking steps towards our 2030 climate targets.”
Also in attendance at the launch, Stephen Gallagher, Managing Director SSE Airtricity said “This funded Solar PV initiative provides price certainty for businesses while also removing the upfront cost barrier to decarbonising operations. Eligible organisations will avail of the Solar PV system with no upfront cost. Through the PPA, they will buy the electricity generated on site, at a attractive rate compared to grid electricity. I would really encourage businesses to avail of this opportunity. We’re providing a practical way to bring more certainty, resilience, and stability to Irish businesses.”
This announcement comes at an exciting time for Monaghan-based Activ8 Energies, which this year celebrates its 20th anniversary, underscoring its growth and leadership in large-scale renewable energy solutions for Irish businesses.
Businesses interested in funded solar can contact Activ8 Solar Energies directly at www.activ8energies.com/funded-solar-initiative
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