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
