Irish-founded wind and solar company Mainstream Renewable Power has assembled a €60m warchest, much of which will come from the National Pensions Reserve Fund.

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.

Irish energy firm Mainstream Renewable Power is set to begin construction work on €3.1bn worth of wind and solar projects across four continents this year.

A consortium headed by Irish-founded energy firm Mainstream Renewable Power has been awarded three significant wind energy projects in South Africa, which will see a combined €660m invested in the country.

Irish-based Mainstream Renewable Power has announced it is to partner in a $1.4bn (€1bn) renewable energy project in Chile which will be operational by 2016.

The Energy Minister Pat Rabbitte has urged those concerned about proposed windfarms for the midlands to view them in a positive light.

Even the smallest dent in Ireland’s export levels to Britain would outweigh the gains made in exports to the key Bric emerging nations, the British-Irish Chamber of Commerce annual conference heard yesterday.

Power grid operators signed a deal yesterday to investigate the feasibility of a 5,000 megawatt electricity transportation system which could export wind power from Ireland to the UK within five years.

There was a jobs boost for the Midlands today as an energy company unveiled plans to export electricity to the UK.

Chinese vice president Xi Jinping has pledged reliable trade with Ireland as Taoiseach Enda Kenny prepares to visit the People’s Republic next month.

Two Irish companies will be involved in the development of over 16GW of offshore wind in the next round of development in UK waters.

ECONOMIC recovery will begin on Saturday morning, if the Lisbon Treaty is accepted, Communications Minister Eamon Ryan claimed in a final appeal for a Yes vote.

A taskforce of leading energy experts and business chiefs was unveiled today to advise the Government on how to invest in the green economy.

EDDIE O’Connor’s latest wind farm operator Mainstream Renewable Power has signed a e509 million deal to co-develop 400 megawatts of power in Canada over the next four years.

MAINSTREAM RENEWABLE POWER — the alternative energy company formed earlier this year by former Airtricity boss, Eddie O’Connor — has made two senior appointments to its management team.

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