2016 Garrymore EIIS Windfarm Investment

HLB MCKEOGH GALLAGHER RYAN ARE FUNDRAISING FOR A SECOND EIIS WINDFARM PRIVATE PLACING – THE GARRYMORE WINDFARM IN COUNTY DONEGAL

We have a second EIIS windfarm investment opportunity for prospective investors looking to secure up to 40% all-income tax relief against their 2016 income.

NOW ACCEPTING BOOKINGS

KEY STATS

Investment term

5 years

Tax relief

Up to 40% (30% + 10%)

Maximum investment

€150,000

Minimum investment

€5,000

Projected buyout price

Capped on exit

€1.15 per €1 invested

Projected net cash flow

Based on a €50,000 investment

€24,272

RICT expected

April 2017

Proposed exit

Q1 2022

 


ABOUT THE PRIVATE PLACINGGarrymoreEIISFlyer

GARRYMORE WINDFARM is a 9-turbine 9.5MW windfarm located in the townlands of Garrymore and Glenalla, near Milford Co Donegal, offering eligible investors 2016 tax relief and a projected return of €1.15 for every €1 invested. Development costs are circa €13 million. The turbines are due to be commissioned in Q3 2017. Leases are in place with the land owners, the site has full planning permission with a Gate 3 grid connection offer. The promoters are experienced in the wind sector and have an expert team of consultants advising on the project. The site has a positive wind energy yield report from Garrad Hassan.

 

We expect it to be fully subscribed so early booking is advised as it will be filled on a first come, first served basis.


FURTHER DETAILS

For more information on the project or to request a copy of the Investment Memorandum please contact:

MARY MCKEOGH, Partner, mmckeogh@hlbmgr.ie

ANNE HOGAN, Director, ahogan@hlbmgr.ie

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