Cork PV installer Swyft acquired by Bord Gáis Energy

Swyft Energy founders, Adrian Casey and Joe Freyne (LEFT) with Dave Kirwan, Managing Director, Bord Gáis Energy and Teresa Purtill (RIGHT) Director of Services and Solutions, Bord Gáis Energy. PIC JULIEN BEHAL PHOTOGRAPHY

Bord Gáis Energy has announced its acquisition of Swyft Energy, a solar photovoltaic (PV) provider headquartered in Cork, for an undisclosed amount.

The energy giant already operates in the solar PV market, working directly with residential customers and through its Irish Farmer's Association partnership.

It said its purchase of Swyft Energy brings deeper solar PV capability to its residential, business and farming customers as the company transitions to a green energy business.

Swyft Energy was formed in 2018 by Corkmen Adrian Casey and Joseph Freyne who hold degrees in engineering and business.

With a target of 10,000 installations over the next five years, Bord Gáis says its latest purchase will allow it to compete better for the growing demand for solar energy in residential, commercial and agricultural sectors. 

Customers can save an average of 50-70% on their electricity bills with the installation of rooftop solar panels, the energy provider said.

"Bord Gáis Energy is fundamentally repurposing its business to seek to become a leading green energy business, working towards energising a greener, fairer future," said Dave Kirwan, managing director of Bord Gáis.

"We make energy, we store it, we move it and we sell it. In doing all of that, we are committed to achieving net zero by 2045, and to helping our customers reach net zero by 2050.

Alongside our investment in offshore wind, hydrogen and Peaker plants, the acquisition of Swyft Energy is another key component in the energy transition. With Bord Gáis Energy and Swyft Energy combining, we are confident of expanding our presence in this key green energy segment.”

Adrian Casey, co-founder of Swyft Energy added: "Joining Bord Gáis Energy allows us to scale our operations and bring innovative solar solutions to more homes and businesses. 

"We are excited to combine our technology platform and experienced team with Bord Gáis Energy’s brand and large customer base to deploy energy products at scale over the coming years. The demand for Solar PV is driving forward at a pace, with many people keen to make the switch, especially when they realise potential savings.”