Energia Group: Difference between revisions
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Power NI was the former customer supply business of [[Northern Ireland Electricity]], known originally as NIE Supply and then after its separation from the rest of NIE, as NIE Energy. Both it and the Power Procurement Business "were separated from NIE on 1 November 2007 in accordance with the requirements of the 2003 EU Electricity Directive which required the independence of the distribution system operation function."<ref>http://www.viridiangroup.co.uk/default.aspx?CATID=219</ref>. In [[2010]] Viridian sold Northern Ireland Electricity, including the NIE name, to the [[Electricity Supply Board]]. As a result NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on [[25 July]] [[2011]]. |
Power NI was the former customer supply business of [[Northern Ireland Electricity]], known originally as NIE Supply and then after its separation from the rest of NIE, as NIE Energy. Both it and the Power Procurement Business "were separated from NIE on 1 November 2007 in accordance with the requirements of the 2003 EU Electricity Directive which required the independence of the distribution system operation function."<ref>http://www.viridiangroup.co.uk/default.aspx?CATID=219</ref>. In [[2010]] Viridian sold Northern Ireland Electricity, including the NIE name, to the [[Electricity Supply Board]]. As a result NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on [[25 July]] [[2011]]. |
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===About Energia === |
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Viridian Power & Energy generates electricity through Huntstown power plant and Eco Wind Power, while '''Energia''' provides gas and electricity to commercial customers. |
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Energia Group comprises of Energia Supply, Energia Renewables and Energia Generation and is Ireland’s largest independent supplier in the Irish business energy market, with a 28% market share of the business electricity and gas market on an all–island basis with over 65,000 customers. |
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Energia is among Ireland's leading providers of sustainable energy green with 300MW of operational renewable electricity capacity contracted within its energy portfolio, with a further 540MW of wind farm projects currently in development across Ireland. |
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Energia also sources conventional power from the Group’s power stations in north Dublin, where the company has invested €500 million with the capability to supply up to 17% of electricity requirements on an all-island basis. |
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The Group recently signed a preliminary off-take agreement to purchase the electricity generated from the pioneering Wave Energy Converter being operated by US firm Ocean Energy Systems (OES) off Belmullet, Co Mayo. |
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Energia Group is a member of the Viridian Group and has offices in Dublin, Galway, Cork, Belfast and Omagh. |
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==History== |
==History== |
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Revision as of 10:39, 18 April 2012
| File:Viridian Group.png | |
| Company type | Private |
|---|---|
| Industry | Energy |
| Founded | 1998 |
| Headquarters | Belfast, Northern Ireland |
| Revenue | £977 million (2006) |
| £149 million | |
| £93.5 million | |
| Owner | Arcapita |
Number of employees | 1,503 (2006) |
| Subsidiaries | Power NI Energia |
| Website | www.viridiangroup.co.uk |
Viridian Group plc is a Northern Ireland-based energy business with interests in both Northern Ireland and the Republic of Ireland. Viridian organises its business in two main groups: Power NI and Viridian Power & Energy.
Businesses
Viridian's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups:Power NI and Viridian Power & Energy.[1]
Power NI
Power NI supplies nearly 800,000 homes and businesses in Northern Ireland with electricity.[2]
Power NI Power Procurement Business manages the group's power purchase agreements.
Power NI was the former customer supply business of Northern Ireland Electricity, known originally as NIE Supply and then after its separation from the rest of NIE, as NIE Energy. Both it and the Power Procurement Business "were separated from NIE on 1 November 2007 in accordance with the requirements of the 2003 EU Electricity Directive which required the independence of the distribution system operation function."[3]. In 2010 Viridian sold Northern Ireland Electricity, including the NIE name, to the Electricity Supply Board. As a result NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on 25 July 2011.
About Energia
Energia Group comprises of Energia Supply, Energia Renewables and Energia Generation and is Ireland’s largest independent supplier in the Irish business energy market, with a 28% market share of the business electricity and gas market on an all–island basis with over 65,000 customers.
Energia is among Ireland's leading providers of sustainable energy green with 300MW of operational renewable electricity capacity contracted within its energy portfolio, with a further 540MW of wind farm projects currently in development across Ireland.
Energia also sources conventional power from the Group’s power stations in north Dublin, where the company has invested €500 million with the capability to supply up to 17% of electricity requirements on an all-island basis.
The Group recently signed a preliminary off-take agreement to purchase the electricity generated from the pioneering Wave Energy Converter being operated by US firm Ocean Energy Systems (OES) off Belmullet, Co Mayo.
Energia Group is a member of the Viridian Group and has offices in Dublin, Galway, Cork, Belfast and Omagh.
History
Viridian was formed in 1998 as a holding company for Northern Ireland Electricity plc, the purpose of the reorganisation was to "step up the move into unregulated markets and for expansion overseas."[4] NIE was a public utility which was privatised in 1993. Formerly a vertically integrated monopoly, NIE's power stations were demerged and sold prior to privatisation.
On 6 October 2006 Viridian's board agreed the acquisition of the group by ElectricInvest, a company owned by the international investment firm Arcapita. The acquisition, which valued Viridian at £1.62 billion, was completed on 8 December 2006.[2]
On 6 July 2010, Viridian agreed to sell Northern Ireland Electricity - including NIE Powerteam, but excluding NIE Energy - to the Electricity Supply Board in the Republic of Ireland. The acquisition was completed in December 2010. [5].
See also
- Energy policy of the United Kingdom
- Energy use and conservation in the United Kingdom
- Green electricity in the United Kingdom
- Electricity sector in Ireland
References
- ^ "About us: Business structure". www.viridiangroup.co.uk. Viridian Group. Retrieved 28 May 2010.
- ^ a b "ESB sizes up North's power networks". Sunday Times (Irish ed.). 2010-04-25.
- ^ http://www.viridiangroup.co.uk/default.aspx?CATID=219
- ^ Buckley, Christine (1997-11-19). "NIE investors to share surprise £67m windfall". The Times.
- ^ http://www.viridiangroup.co.uk/default.aspx?CATID=216&CID=1403