We are delighted to launch our 2021 EIIS Fundraising Project – the IQ Solar Limited (“IQSL”) EIIS Private Placing investment opportunity offering eligible investors up to 40% tax relief and a maximum return of €1.05 per €1 invested.
No High-Income Earners Restriction means tax relief can be claimed on the maximum allowed investment – €250,000 – in the year of investment.
Following significant demand for EIIS projects in 2020 we expect this to be over subscribed and encourage early booking.
THE PROJECT
€4,200,000 EIIS fundraise to develop a 5.2 MW solar photovoltaic farm to be installed in a 10.1 hectare site on Crocane Farm, Aghada, Cloyne, Co Cork.
Adjacent to the existing 1.7 MW wind farm currently owned and operated by solar farm Promoter Michael Quirk and his wife Rosemary Quirk.
Circa 11,648 solar photovoltaic modules each rated at 450 W and mounted on rows of 4.5 metre panels.
The solar farm is expected to produce over 5,000 MWh of green renewable electricity per year, exporting it to the local grid network via a 3.6MW export connection to the 20 kV network.
Click here to download the summary flyer.
KEY STATS
| Investment term | 5 years | Tax relief available | Up to 40% |
| Maximum investment | €250,000 | Minimum investment | €5,000 |
| Proposed exit | 2027 | Project | 5.2 MW Solar PV Farm Cork |
| Projected net cash flow | €20,750 | Projected buyout price | €1.05 per €1 invested |
| Based on a €50,000 investment | Capped on exit | ||
| Closing date | 3rd December 2021 | EIIS certification rules: | IQSL will self-certify the |
| investors’ tax relief & provide Statements of Qualification | |||
| Early booking encouraged as private placing will close once fully subscribed which may be before official closing date | |||
FOR FURTHER DETAILS
To discuss the project, book a slot or request the Investment Memorandum please contact:
ANNE HOGAN
Associate Tax Director