Crowe provides support to Terra Solar’s Irish solar farm projects

Crowe provides support to Terra Solar's Irish solar farm projects

Crowe provides support to Terra Solar’s Irish solar farm projects

Crowe is delighted to have provided support to Terra Solar in the formation of a partnership with Ørsted. The partnership consists of a portfolio of Irish solar projects with a capacity of up to 400 MW that have the potential to power over 90,000 Irish homes.

Speaking on the partnership, André Fernon, Director at Terra Solar, said: "Terra Solar is delighted to be working in partnership with Ørsted on the development of the solar projects announced today. With a combined capacity of up to 400 MW, this partnership will contribute significantly to Ireland's low-carbon future, strengthen our indigenous energy supply, and ensure competitively priced green electricity for Irish consumers."

Crowe has been working with Terra Solar since 2018, during which time it has become one of the leading solar development companies in Ireland. Terra Solar has partnered with several commercial enterprises and private landowners to identify suitable sites for solar development, successfully bringing sites from planning and grid approval stage through to fully operational solar farms.

This latest transaction follows on from a similar transaction in 2021 with Power Capital Renewable Energy involving 400 MW of solar assets.

Commenting on the transaction, Naoise Cosgrove, Crowe's Managing Partner, said: "We are delighted to have supported Terra Solar in successfully concluding this milestone transaction. This achievement reflects the vision and dedication of Terra Solar's management team, under the leadership of David Fewer and André Fernon. Crowe is committed to supporting progressive privately held companies like Terra Solar."

Crowe's dedicated corporate finance team has a wealth of experience advising clients in M&A transactions. If you are considering the sale or purchase of a business, we can help you maximise your investment.

Contact us:

Naoise Cosgrove, Managing partner - Crowe Ireland
Naoise Cosgrove
Managing Partner
Corporate Finance
Colm Sheehan - Crowe Irelnad
Colm Sheehan
Director, Corporate Finance