Who owns viridian energy

Nphet workplace advice puts Government in a bind 13 Nov. Ardale launches chain of plant and tool hire centres 13 Nov. Open for Business How firms are battling Covid - supports and innovation. Inside Business. Business Today Monday to Friday See a sample. Get the latest business news and commentary from our expert business team every weekday. Sign up. Sign In. Don't have an account? John Mulligan Twitter Email. Irish power firm Viridian, which trades as Energia, could be put up for sale by its US private equity owner in what would be the company's second change of ownership in as many years.

This is the second time in about a year that there's been speculation the US firm is looking at selling all or part of Viridian. News agency Bloomberg reported that I-Squared is now sounding out potential buyers to gauge their interest in Viridian. A sale would also come following a tumultuous year for Viridian. In January, Viridian signalled that it was planning to close its gas-fired power stations at Huntstown in north Dublin after one of the plants failed to secure a capacity contract from national grid company EirGrid under the new Integrated Single Electricity Market ISEM.

The new market arrangements are designed to integrate the all-island electricity market with European electricity markets, enabling the free flow of energy across borders. The plants are operated by Energia. Viridian said at the time that because one of the facilities did not secure a contract, the two plants would not be able to recover their costs from May.

But Viridian later successfully appealed the decision by EirGrid not to award one of its plants a capacity contract. North Celtic Sea Wind Project. South Irish Sea Wind Project. Castlereagh Battery Storage. Meenadreen Windfarm. Community home. Work Place. Who we are home. Our People. Investor Relations - Investor Relations home. Renewables - Renewables home. Community - Community home. Who we are - Who we are home. We have rebranded.