EY to launch cleantech arm

Accountancy giant Ernst & Young is planning a hiring spree to create a new cleantech advisory group, mainly focused on raising capital for entrepreneurs looking to set up clean energy businesses. Over 300 people are expected to join the division, which will be headed by corporate finance partner Steve Lang in the UK. Around 100 existing staff from across EY’s various tax, audit, consulting and corporate finance arms will join forces to launch the new group.