Oireachtas Joint and Select Committees
Wednesday, 2 October 2019
Joint Oireachtas Committee on Climate Action
Citizen and Community Measures: Discussion
Mr. Paul Kenny:
I am not sure it was made clear but we managed to finance Templederry with a tiny amount of equity. It was perhaps 2% of the overall project, which is small. We leveraged and leveraged up again as we had an asset. That is important. If one takes what is likely to happen in the first auction, which is a revenue-share agreement, there will be no capacity to leverage.