Scottish chartered accountants and business advisers Johnston Carmichael has bolstered its infrastructure and renewables sectors by hiring a team from RSM UK.
Corporate finance partner Mark Stewart will head up the team, which also includes associate director Jamie Davidson and corporate finance executive Mark Conetta.
The team, which will be based in the company’s Edinburgh and Glasgow offices, will provide transactional advice to businesses operating in both sectors across Scotland.
In renewable energy, the team will look for opportunities to advise funders, developers, landowners and estates, local government stakeholders and the community on several project types both in the UK and globally.
The projects include: onshore wind; hydro; solar photovoltaic; anaerobic digestion; and combined heat and power.
Stewart said: “Clearly there is a high degree of uncertainty in the renewables marketplace as a result of a number of recent policy announcements. Notwithstanding this, I believe the industry remains cautiously optimistic about the future.
“There’s a natural benefit to the UK to retain this investment in the local communities which goes beyond a financial return, particularly where the community is in an impoverished state or in a remote area.
“We had first-hand experience of this in a deal we closed last year in the Western Isles – the largest community wind farm project in the UK.”
Image: the team is interested in supporting community energy such as in the Western Isles (Mi9)
Scots firm bolsters RE team
Professional services outfit Johnston Carmichael hires former RSM UK staff
By EBS