Viridian

US owner hires banks to run €2.75bn Energia sale

I Squared Capital seeking to offload Irish utility eight years after purchase

Wed May 22 2024 - 06:00

Energia pays €40m dividend as generation arms offset retail losses

Group has hiked tariffs for customers a number of times in the past year amid spiralling wholesale prices

Mon Jul 18 2022 - 05:46

What would be the economic costs and benefits of a united Ireland?

Agenda: The subvention argument tends to view the North as a deadweight, a financial burden to be shouldered by whatever entity follows

Fri May 07 2021 - 05:35

Energia’s owner ‘plans to sell it later this year’ in deal worth €2bn

US private equity firm acquired the Irish energy group for €1bn in 2016

Thu Aug 13 2020 - 05:16

Energia plans €3bn investment in renewable energy

Utilities provider will invest across a raft of projects over the next five years

Mon Jul 01 2019 - 11:20

Energia agrees €44m debt finance with AIB

Energy provider in the throes of €50m investment on a new bioenergy plant in Dublin

Thu May 02 2019 - 05:02

Debt of Energia owner classed as high risk

Ratings agency Moody’s gives Viridian a B1 credit rating

Tue Apr 02 2019 - 16:23

Energia spends €3m on marketing campaign to dispel switcher wariness

Campaign aims ‘to tell people that we are bigger than they think we are’, says firm

Fri Dec 28 2018 - 03:45

Latest electricity capacity auctions end EirGrid-Viridian dispute

Viridian selected to generate electricity for State following previous failed attempt

Sat Dec 22 2018 - 07:21

Interview: Denis O’Sullivan, managing director, Gas Networks Ireland

Greenhouse gas emissions can be converted to gas to generate electricity, power businesses, heat homes and run transport

Fri Sept 21 2018 - 05:41

Viridian’s New York owner plots sale after two years

I-Squared Capital purchased Northern Irish power firm in 2016 for €1 billion

Sat Sept 08 2018 - 06:00

Viridian owner considers sale of Irish energy business

Private equity group bought Energia parent in 2016 and refinanced debt last year

Fri Sept 07 2018 - 10:19

Viridian wins appeal that could save 40 jobs at Dublin power plants

Huntstown plants could now remain open following ruling by statutory panel

Tue Jul 10 2018 - 04:19

Viridian blocked from closing its Huntstown power plants

Proposed closure could affect security of electricity supplies, says regulator

Tue Feb 27 2018 - 05:15

Wholesale energy prices down due to mild weather, strong imports

New survey shows gas prices are 14% lower than December while electricity down 10%

Mon Feb 05 2018 - 04:59

Profits up at Energia on back of rise in residential customers

Revenues decline by €32m as supplier says it now supplies 145,300 homes

Sat Jan 06 2018 - 09:00

Viridian eyes move to slash €45m interest bill

Owner of gas and electricity supplier Energia’s 7.5% bond rate almost double rivals’

Fri Sept 01 2017 - 18:00

Viridian’s New York owners plot energy group stake sale

Asian sovereign wealth and investment firms among interested investors in Viridian

Fri May 12 2017 - 05:55

Energia’s Donegal windfarm starts supplying renewable energy

The €145m windfarm can provide enough energy to power 50,000 homes

Thu Mar 23 2017 - 14:04

Energia sees profits surge as business customers decline

Gas and electricity supplier records lower turnover as pretax profits rise 33% to €22.2m

Thu Jan 19 2017 - 16:01

Chinese bidder wins race for Gaelectric wind farms

China General Nuclear Power is preferred bidder for majority stake in 230-megawatt portfolio

Wed Oct 19 2016 - 20:54

Barry Gavin to be next Gaelectric chief executive

Renewable energy company advances plans to sell control of wind farm assets

Thu Sept 29 2016 - 06:30

Viridian injects €236m equity into its Republic unit

Northern Ireland energy supplier restructuring its capital base under new US owner I Squared

Tue Sept 13 2016 - 05:30

Wind firms defend €270m support added to electricity bills

Energy regulator to increase the public service obligation charge by €76m to €400m

Tue Aug 02 2016 - 20:23

Viridian repays costly debt after injection from new owner

I Squared Capital provided equity to discharge junior loan facility

Thu May 26 2016 - 01:00

Australian firm AMP pulls out of race to buy Mater Private

German healthcare giant Fresenius has also left race for hospital

Thu May 05 2016 - 01:00

New Viridian owner I Squared aims for expansion

Owners of Bord Gáis Energy and Airtricity also believed to have submitted bids for firm

Wed Mar 30 2016 - 07:22

Ireland Strategic Investment Fund stalls on Viridian bid

Retreat from deal believed to be linked to stalemate over next government

Mon Mar 21 2016 - 01:00

Energy group Viridian posts after-tax profit of €7.5 million

Firm, which owns electricity and gas suppliers Energia, reports turnover of €90.3m

Wed Jan 20 2016 - 10:11

Centrica chief looking to power up in Irish market

Urbane MD of Bord Gáis Energy owner is Oxford-educated mathematician

Fri Nov 20 2015 - 07:25

Belfast briefing: seeing North’s problems in a better light

Some of the current directors of Northern Ireland plc have not quite fulfilled their responsibility

Tue Sept 01 2015 - 01:00

Energia stays plugged in to The Pat Kenny Show

The energy supplier has renewed its deal to sponsor the presenter’s Newstalk radio show

Thu Oct 09 2014 - 01:30

Viridian poised for £1bn stock market flotation

Reports say Bahrain bank Arcapita has hired JP Morgan to lead a share listing for Irish energy firm

Fri Aug 15 2014 - 10:17

Energia enters residential market

Company guarantees savings of up to 15% on fuel bills

Thu Jan 30 2014 - 13:24