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FINANCIAL MANAGEMENT

Ensuring compliance with all Irish financial and Regulatory requirements.

ENSURING COMPLIANCE

In-Depth Understanding of Irish Regulatory Requirements


With over 20 years of experience managing operational windfarms in Ireland, we are the trusted provider of windfarm financial management and compliance services to independent windfarm owners across the country. 


Our expertise means that we have an in-depth understanding of all Irish regulatory requirements.

OUR FINANCIAL MANAGEMENT SERVICES

  • Controlling, invoicing, processing and making of all required payments and correspondence

  • with all payment counterparties

  • Accounting/booking of all entries in Xero accounting system

  • Preparation and processing of VAT returns and assistance to auditor (annual returns to be

  • prepared by third party accountant)

  • Inspection, controlling and plausibility checks of all service provider invoices

  • Managing bank accounts in accordance with client instructions

  • Interfacing with tax consultants/fiscal authority and banks

  • Liaison with accountant/tax consultant to comply with statutory requirements

  • Preparing annual operational budget in line with client budget targets

FINANCIAL MANAGEMENT SERVICES

  • Commercial reporting (monthly) to include:

  • Income statement vs budget

  • Cash flow statement vs. budget

  • Balance sheet

  • Analysis of variances to budget

  • Debt Management

  • Quarterly reporting to bank

  • Making bank related payments

  • Monitoring financial obligations under loan agreement

  • Monitoring of covenants and compliance with conditions of loan agreement

  • Liaising with power off taker and provision of metered data

  • Annual meeting with service providers

  • Calculating and coordinating the distribution of distributions/dividends to shareholders and

  • assistance in estimations of forthcoming distributions

  • Providing a monthly commercial report in agreed format to project owners

  • Monthly statutory REMIT reporting on behalf of the windfarm

Wind Mills

Contact our team to talk about your project

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