Holders of loan notes in Arena Capital Partners are facing losing up to three quarters of their money. A group of them are forming a committee to represent their interests.
Founded in 2014, Arena has interests in wind and solar as well as affordable housing. The High Court heard it has “unsustainably high” debt and must be restructured by Shane McCarthy, an examiner from KPMG, to survive.
A swing towards the right in the EU parliamentary elections initially cast doubt on the bloc's renewable energy future. Experts say narratives might change but the momentum behind renewables is too strong.
Assuming Ireland lives up to its potential as an offshore wind powerhouse, then the logical conclusion is that it should be a home to heavy industry, says Colm O'Neill, KPMG partner, on The Currency podcast this week.
The climate crisis and the war in Ukraine have exposed an urgent need for renewable energy security. Xocean, the Louth-based start-up that commands a fleet of uncrewed vessels, is betting big on off-shore wind farms being the solution.
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