SunArc, a Carlow-based renewable energy company, will create up to 50 jobs through a €20 million investment as it prepares to launch a solar-as-a-service model later this month, the company announced.

As reported by siliconrepublic, funding will be deployed over the next two years, with SunArc stating the investment marks a significant step in accelerating Ireland's transition to clean energy whilst creating 50 new skilled employment opportunities. The expansion will bring the workforce to 80 employees.

SunArc will expand its Carlow operations with job opportunities in installation, engineering, manufacturing, maintenance, customer support, management and renewable energy innovation. The solar-as-a-service model will enable businesses to access solar power and energy independence with no upfront costs, removing what the company identifies as one of the biggest barriers to solar power adoption.

Customers will pay a reduced set energy rate whilst SunArc manages installation, maintenance, monitoring and upgrades. Businesses signing up to the solar-as-a-service power purchase agreement will fully own their solar system after approximately 15 years.

Billy Thompson, chief executive of SunArc, said: "This is a transformational moment not just for SunArc, but also for business energy independence in Ireland. Our €20 million investment represents a long-term commitment to making solar energy affordable, accessible and hassle free for businesses."

Thompson added: "Ireland has always been a place of innovation and resilience, and we are proud to drive sustainability forward while creating quality jobs and supporting our community with an all-in managed solar solution. We believe Ireland's business community can truly be a leader in the drive for sustainable, solar powered energy and SunArc are committed to partnering with businesses to make that happen."

Learn more about SunArc's solar-as-a-service model and job opportunities.