Why Erova Energy

Facilitated by the latest in technology and trading analytics, Erova Energy is working to support a Net Zero energy target. With its roots originally in trading, Erova’s focus is now on risk and revenue optimisation of renewable technology across all renewable classes including wind, solar, hydro, bioenergy and battery storage.

Our technology backed trading platform aims to maximise the revenue generating capacity of our clients’ assets through the provision of a variety of fully secured, risk free and competitively priced route to market options. Erova’s commercial and trading experience, coupled with its organisational structure allows it to deliver all forms of PPA, RtM and TSA in a swift and uncomplicated manner.

Energy technology is combined with hands on traders to ensure the optimal mix of automation and human decision making. This approach delivers the best value for our counterparts, from suppliers to generators. Erova Energy provides access to a range of markets including the Forward Market (SAH, MAH, WKAH), Day-Ahead (EPEX, N2EX, SEMOpx), Within-Day and the Balancing Mechanism.

Erova Energy has offices in Dublin, London, and Amsterdam and accesses markets on a pan European basis.

 

Our Customers

ABO Wind
22.5MW
Onshore Wind

Erova provides full Imbalance Management to ABO Wind through our innovative CfD contract structure.

As a long term client of Erova Energy I have found their approach to be innovative and focused on problem solving for their client. Erova behave in a courteous and efficient manner and seek to provide solutions and advice to us in all aspects related to the trading and optimisation of our wind assets.

Emmet Egan of ABO Wind

Customer A
250MW
Peak Demand

One of Erova’s first key counterparts was an independent GB electricity and natural gas supplier with varying customer demand.

Customer A said “Erova Energy quickly became one main routes for short-term electricity balancing market for the wholesale GB power market, both through their competitive pricing of non-standard trade profiles (which matched our end-customer demand) but also through their highly efficient trade settlement procedures.”

Erova was a key counterparty during the ‘beast from the east’ in early 2018 and during the cold spell of Winter 2017. Customer A continued to say “It is evident that Erova’s expertise in short term markets enables them to be nimble in pricing customer trade types and offering flexible credit and payment terms”

Customer B
123MW
Solar

Erova currently manage the forecasting and balancing of a portfolio of 21 Solar farms spread across the UK. Following a competitive tender process a bespoke contract was created based upon a fixed discount to market with the option for the generator lock into a forward price at any given time.

Erova also purchase and trade the Renewable Obligation Certificates (ROCs) and provide all REMIT reporting services for each asset within the portfolio.

Customer C
142MW
Onshore Wind

With the recent changes in the Irish electricity market, Erova have been working with a number of independent generators on reducing their risk exposure after becoming balance responsible within I-SEM.

Our team worked closely with the generator (a large investment fund with wide experience in the European renewables market) to develop a product that would remove the balancing risk at the lowest cost possible whilst maintaining the current contract relationships to fulfil all REFIT obligations.

Erova provide Customer C with our latest Imbalance Hedge product, please contact our Origination team to find out more details.

About Us

Board of Directors

Erova Energy Board:

Michael Brennan

Rishil Patel

Andrew Gates

Matthew Booth (Board Observer)

Nick Williams (Board Observer)

Erova Energy Supply Board:

Michael Brennan

Fergal O’Donnell

 

(Effective from 30th September 2025)

Investor Relationships

 

The Erova Energy Group is a wholly owned subsidiary of Macquarie Group Limited.  Macquarie is a global financial services group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advice and access to capital and principal investment.

Contact Us

Get in touch with us

Trading Services Ireland
+353(0) 1 474 4817

Fax
+353 (0)1 539 4151

Level One,
Connaught House,
Burlington Rd,
Dublin, D04 C5Y6

For Origination enquiries
please contact:

UK
+44 (0)203 6680 530

Ireland
+353 (0) 868 073 933