€750,000 funding for Kentstown renewables company

19 November 2016

HARP Renewables, based in Veldonstown, Kentstown, has secured €750,000 funding from The Davy EII Tax Relief Fund 2015. The fund is managed by BES Management Limited, a joint venture company owned by Davy and BDO.

Established in 2013, Harp Renewables specialises in the design, manufacture and installation of aerobic and anaerobic digesters. The company provides products and services to customers in industries that produce large volumes of organic or agricultural waste and are seeking to reduce their waste disposal and energy costs. Using award winning technology, Harp’s innovative approach to waste disposal is attracting attention in both Ireland and the UK.

Harp Renewables has identified significant growth opportunities for its aerobic and anaerobic digester products and services and the EIIS funding will assist with capitalising on these opportunities.

Although Shane Finnegan, the founder and CEO of the business has his sights set on the international market, his priorities and long term vision for the company are firmly rooted in Ireland. Harp Renewables operates from a purpose built facility in Kentstown, and according to Shane “local job creation and supporting indigenous Irish suppliers is a fundamental part of the culture of the business”.

Sinead Heaney, Partner; BDO, explained: “Harp Renewables has a strong track record. Its innovative products, international growth opportunities and capable management team present an excellent example of the type of companies the Davy EII Fund seeks to invest in. We look forward to working with the team over the coming years to assist them in achieving their goals.”

Shane Finnegan said: “We are delighted with the funding we have received and believe that this investment is a testament to the quality of our products and services. Our biomass solutions, organic waste digesters and anaerobic digestion systems can provide viable, efficient and sustainable energy alternatives that are needed by many industries.”

The directors and shareholders of Harp Renewables are Shane Finnegan and Brian Finnegan. The company offers a wide range of products and services in the renewables sector including biomass applications, BioNova organic waste digesters and the production of biogas using anaerobic digestion. In July 2015 the company secured a five year licence agreement to manufacture and sell BioNova Aerobic Digesters.

The Davy EII Tax Relief Fund 2015 is managed by BES Management Limited, a joint venture company owned by Davy and BDO. BES Management Limited has successfully raised five EII Scheme Funds over the past five years and over the last 21 years has invested over €154m in over 154 Irish companies. The new rules mean many more companies will qualify for funding than previously with BES, thus the new EII Scheme will allow our team to bring their business management experience to the benefit of an increased potential list of companies.

Originally published by the Meath Chronicle.