The Finance Minister says there could be 'significant consequences' if a windfall tax on energy companies was to be applied in next month's Budget.
While Paschal Donohoe hasn't categorically ruled out introducing such a tax, he's outlined reasons why it could be counter-productive to do so.
Revelations of increasing revenues for companies supplying wind energy has led to further calls to introduce a levy on profits.
However Minister Paschal Donohoe says there are considerations to weigh up before making that decision.
"It is the wind and renewable sector that will need to supply additional energy to Ireland to make sure we don't have the energy security issues that we have now.
"If we decide we're going to tax the renewable sector and the wind sector in the future, that runs the risk of undermining the very sector we need to become independent."
