The newly acquired funds might be utilised over the following two years as SunArc launches a brand new photo voltaic as a service mannequin.
SunArc, a renewable vitality firm based mostly in Carlow, has introduced a serious funding of €20m, because the organisation prepares to launch its photo voltaic as a service mannequin later this month.
Funding might be deployed over the course of the following two years, with SunArc stating that it marks a “important step in accelerating Eire’s transition to wash vitality whereas creating 50 new expert employment alternatives”.
SunArc will increase its Carlow operations and there might be job vacancies and alternatives in areas akin to set up, engineering, manufacturing, upkeep, buyer help, administration and renewable vitality innovation, with new hires bringing the workforce to 80 workers.
The photo voltaic as a service mannequin will allow companies to entry solar energy and vitality independence with no upfront prices, eradicating what SunArc believes to be one of many greatest limitations to solar energy adoption.
Clients can pay a lowered set vitality fee whereas SunArc manages set up, upkeep, monitoring and upgrades. Moreover, the companies that sign-up to the photo voltaic as a service energy buy settlement will totally personal their photo voltaic system after roughly 15 years.
SunArc has acknowledged that the brand new mannequin has the potential to extend photo voltaic adoption throughout Eire by serving to native communities cut back vitality prices, minimize carbon emissions and strengthen vitality independence throughout a time of rising electrical energy costs.
Commenting on the announcement, Billy Thompson, the CEO of SunArc, stated, “This can be a transformational second not only for SunArc, but additionally for enterprise vitality independence in Eire. Our €20 million funding represents a long-term dedication to creating photo voltaic vitality reasonably priced, accessible and problem free for companies.
“Eire has all the time been a spot of innovation and resilience and we’re proud to drive sustainability ahead whereas creating high quality jobs and supporting our group with an all-in managed photo voltaic resolution. We imagine Eire’s enterprise group can really be a frontrunner within the drive for sustainable, photo voltaic powered vitality and SunArc are dedicated to partnering with companies to make that occur.”
In early December of 2025, German renewable vitality producer ILOS Power secured €143m in debt financing to assist fund the development of a brand new photo voltaic farm undertaking in Ballyhea, Cork. The photo voltaic farm is being developed along side the corporate’s Irish improvement companion Soleire Renewables.
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