Viridian buys wind power business

Irish energy group Viridian today announced its acquisition of wind farm operator Eco Wind Power from Treasury Holdings.

Eco Wind Power is currently developing 80 MW of fully approved wind generating capacity, on top of its existing operational windfarm capacity of 24 MW.

Viridian said its retail energy business Energia would use the acquisition to increase the choice of renewable energy for its customers. Energia supplies 25% of the business electricity market.

Harry McCracken, Executive Director of Viridian Group said: “We intend to make a major contribution to Ireland’s sustainable energy agenda. The Government’s stated target is to produce one third of electricity from renewable sources by 2020. Energia is intent on playing a major role in achieving this target both through the continued provision of power purchase agreements to independent developers and through the expansion of the Group’s wind assets portfolio.”

Viridian Group owns Energia, Huntstown Power, Northern Ireland Electricity, NIE Energy and Powerteam Electrical Services.