Plug pulled on €6bn energy project

Mainstream Renewable Power is understood to have fully pulled the plug on its €6b energy bridge project aimed at exporting 5,000 megawatts of power to Britain and generating nearly €3bn in annual export revenue.

While the Government’s ambitious €15bn plan to export wind-generated energy to the UK — from 1,000 new wind turbines across the midland counties — has been put on hold, Mainstream seems to be the only one of the three individual project participants to have fully walked away.

It is understood that Mainstream has opted to return 2.7 gigawatts of connection offers secured with the UK’s National Grid for the project, something which has suggested to the industry that Mainstream will not now be involved in the project should it be resurrected. No company representative could be reached to comment on the matter.