‘Companies who conserve energy will positively impact their bottom line’: an ESG professional on this business essential

Working at the forefront of Ireland’s next wave of renewable energy, Aisling Donnelly, PwC Senior Manager in PwC’s Energy Transition, Capital Projects and Infrastructure Deals Advisory Team, shares the challenges and opportunities involved.

Strict planning regulations in Ireland are some of the biggest challenges that teams working on such projects face, but they’re not the only ones. “There are grid capacity issues, and the offshore wind grid hasn’t even been built yet,” Aisling says. “And for offshore wind developers, a big challenge for them is that the only port in the island of Ireland that could currently facilitate the build-out of offshore wind is in Belfast.”an area where we’re lagging behind other countries.

“I could be looking at a financial model, or writing a business paper. I could be meeting with developers or other stakeholders and getting their feedback to inform my analysis. Or I could be meeting with lenders to get a sense of how much they would lend, and what terms and conditions are attached. There are a lot of conferences on, so you hear what’s going on in the industry. Every day is very different, which is brilliant.

Ireland built its first offshore wind farm 20 years ago, but we haven’t built any since. Our marine territory is more than ten times the size of its land mass, so we have got such potential for offshore wind, particularly along the west coast.

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