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{{Short description|Energy company in Ireland}}
⚫
{{Infobox Company
{{Redirect|Energia (company)|the Russian company|Energia (corporation)|the Japanese electric utility company branded as Energia|Chugoku Electric Power Company}}
| company_name = Viridian Group plc
⚫
{{Infobox company
| company_logo = [[Image:Viridian Group.png|210px|]]
| name = Energia Group
⚫
| company_type = Private
| logo = Energia_Group_Logo.jpg
⚫
| foundation = 1998
⚫
| type = Private
⚫
| location = [[Belfast]], [[Northern Ireland]]
| key_people =
| key_people =
| industry = Energy
| industry = Energy
| products =
| products =
| revenue = £977 million (2006)
| revenue = €2,031 million (2019)
| operating_income = £149 million
| operating_income = €119.9 million (2019)
| owner = [[I Squared Capital]]
| net_income = £93.5 million
| num_employees = 1,503 (2006)
| num_employees = 795 (2019)
| subsid = <br>Power NI<br>Energia
| owner = [[Arcapita]]
⚫
| footnotes =
| subsid = [[Northern Ireland Electricity|Northern Ireland Electricity plc]]<br>NIE Energy<br>Energia
⚫
| foundation = 1998
| homepage = [http://www.viridiangroup.co.uk www.viridiangroup.co.uk]
⚫
| location = [[Dublin]], [[Republic of Ireland]]
⚫
| footnotes =
| homepage = {{url|www.energiagroup.com}}
}}
}}


'''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 three main groups: [[Northern Ireland Electricity]], NIE Energy, and Viridian Power & Energy.
'''Energia Group''' (formerly Viridian Group) is an Irish [[energy company]] with interests across the [[Ireland|island of Ireland]]. From a consumer perspective, Energia Group organises itself into two main groups: Power NI and Energia.


==Businesses==
==Businesses==
Viridian's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups: NNIE Energy, and Viridian Power & Energy.<ref>{{cite web |url=http://www.viridiangroup.co.uk/default.aspx?CATID=224 |title=About us: Business structure|date= |work=www.viridiangroup.co.uk |publisher=Viridian Group |accessdate=28 May 2010}}</ref>
Energia Group's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups: Power NI and Energia.<ref>{{cite web|url=http://www.viridiangroup.co.uk/default.aspx?CATID=224|title=About us: Business structure|website=viridiangroup.co.uk|publisher=Viridian Group|accessdate=28 May 2010}}</ref><ref>{{cite web|url=https://www.viridiangroup.co.uk/AboutUs.aspx|title=The Viridian Group comprises: Power NI & Energia|website=viridiangroup.co.uk|date=8 January 2018}}</ref>


===NIE Energy===
===Power NI===
NIE Energy supplies nearly 800,000 homes and businesses in Northern Ireland with electricity.<ref name="stimes">{{cite news |title=ESB sizes up North's power networks |newspaper= Sunday Times (Irish ed.) |date=2010-04-25}}</ref>
Power NI supplies over 600,000 homes and businesses in Northern Ireland with electricity.<ref>{{cite web|url=https://powerni.co.uk/powerni/latest-vacancies/|title=Working for Power NI|website=powernie.co.uk|accessdate=12 June 2020}}</ref>


Power NI Power Procurement Business manages the group's [[power purchase agreements]].<ref>{{cite web|url=https://powerni.co.uk/business/products-services/renewables/power-purchase-agreements-ppas1/|title=Power Purchase Agreements - Get energised with Power NI|website=powerni.co.uk|accessdate=12 June 2020}}</ref><ref>{{cite web|url=https://www.energiagroup.com/globalassets/document-library/2018-q4/annual-report-fy-2018.pdf|title=MY COMPANY LIMITED|website=energiagroup.com|date=31 March 2018|accessdate=12 June 2020}}</ref>
NIE Energy Power Procurement Business manages the group's Power Purchase Agreements.


Both NIE Energy 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>
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." In 2010 Viridian sold Northern Ireland Electricity, including the NIE name, to the [[Electricity Supply Board]] - the state-owned electricity company of Ireland. As a result, NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on 25 July 2011.{{Citation needed|date=June 2020}}


===Virdian Power & Energy===
===Energia===
Energia was founded in 1999 and became the first independent supplier in Northern Ireland. Within a year it had entered the Irish business electricity market. By 2003, Energia had established itself as Ireland's leading independent energy business supplying over 30% of large industrial electricity requirements. Energia now supplies over 250,000 homes in the Republic of Ireland.<ref>{{cite web|url=https://www.energia.ie/business/news/2009/energia-10-years-to-celebrate|title=Energia 10 Years to Celebrate|website=energia.ie|date=3 December 2009|accessdate=12 June 2020}}</ref><ref>{{cite web|url=https://www.energia.ie/why_energia|title=Why Energia? - The Power Behind Your Power|website=energia.ie|accessdate=12 June 2020}}</ref>
Viridian Power & Energy generates electricity through Huntstown power plant and Eco Wind Power, while '''Energia''' provides gas and electricity to commercial customers.

===Energia Renewables and Flexible Generation===
Energia Flexible Generation generates electricity through [[Huntstown and Littlepace|Huntstown]] power station, whilst Energia Renewables generates via wind power across the island of Ireland.<ref>{{cite web|url=https://www.energia.ie/business/products-and-services/energia-generation|title=Energia has invested heavily in conventional generation|website=energia.ie|accessdate=12 June 2020}}</ref>


==History==
==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."<ref>{{cite news |title=NIE investors to share surprise £67m windfall | first=Christine |last=Buckley |newspaper=The Times |date=1997-11-19}}</ref> 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.
Energia Group (formerly Viridian Group) 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."<ref>{{cite news|url=https://www.irishtimes.com/business/investors-get-67m-in-nie-changes-1.128234|title=Investors get £67m in NIE changes|publisher=[[The Irish Times]]|first=Bill|last=Murdoch|date=19 November 1997|accessdate=12 June 2020}}</ref> 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&nbsp;billion, was completed on 8 December 2006.{{Citation needed|date=June 2020}}


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&nbsp;billion, was completed on 8 December 2006.<ref name="stimes"/>
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.{{Citation needed|date=June 2020}}


==See also==
==See also==
*[[Energy policy of the United Kingdom]]
*[[Energy policy of the United Kingdom]]
*[[Energy policy of the European Union]]
*[[Energy use and conservation in the United Kingdom]]
*[[Energy use and conservation in the United Kingdom]]
*[[Green electricity in the United Kingdom]]
*[[Green electricity in the United Kingdom]]
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==References==
==References==
{{reflist}}
{{Reflist}}


{{Electricity generation in Ireland}}
{{Electricity generation in Ireland}}
{{Authority control}}


[[Category:Power companies of Northern Ireland]]
[[Category:Electric power companies of Northern Ireland]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:1998 establishments in Northern Ireland]]
[[Category:Companies listed on the Irish Stock Exchange]]
[[Category:Energy companies established in 1998]]

Latest revision as of 12:10, 6 January 2024

"Energia (company)" redirects here. For the Russian company, see Energia (corporation). For the Japanese electric utility company branded as Energia, see Chugoku Electric Power Company.
Energia Group
Company typePrivate
IndustryEnergy
Founded1998
HeadquartersDublin, Republic of Ireland
Revenue€2,031 million (2019)
€119.9 million (2019)
OwnerI Squared Capital
Number of employees
795 (2019)
Subsidiaries
Power NI
Energia
Websitewww.energiagroup.com

Energia Group (formerly Viridian Group) is an Irish energy company with interests across the island of Ireland. From a consumer perspective, Energia Group organises itself into two main groups: Power NI and Energia.

Businesses

[edit]

Energia Group's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups: Power NI and Energia.[1][2]

Power NI

[edit]

Power NI supplies over 600,000 homes and businesses in Northern Ireland with electricity.[3]

Power NI Power Procurement Business manages the group's power purchase agreements.[4][5]

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." In 2010 Viridian sold Northern Ireland Electricity, including the NIE name, to the Electricity Supply Board - the state-owned electricity company of Ireland. As a result, NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on 25 July 2011.[citation needed]

Energia

[edit]

Energia was founded in 1999 and became the first independent supplier in Northern Ireland. Within a year it had entered the Irish business electricity market. By 2003, Energia had established itself as Ireland's leading independent energy business supplying over 30% of large industrial electricity requirements. Energia now supplies over 250,000 homes in the Republic of Ireland.[6][7]

Energia Renewables and Flexible Generation

[edit]

Energia Flexible Generation generates electricity through Huntstown power station, whilst Energia Renewables generates via wind power across the island of Ireland.[8]

History

[edit]

Energia Group (formerly Viridian Group) 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."[9] 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.[citation needed]

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.[citation needed]

See also

[edit]

References

[edit]
  1. ^ "About us: Business structure". viridiangroup.co.uk. Viridian Group. Retrieved 28 May 2010.
  2. ^ "The Viridian Group comprises: Power NI & Energia". viridiangroup.co.uk. 8 January 2018.
  3. ^ "Working for Power NI". powernie.co.uk. Retrieved 12 June 2020.
  4. ^ "Power Purchase Agreements - Get energised with Power NI". powerni.co.uk. Retrieved 12 June 2020.
  5. ^ "MY COMPANY LIMITED" (PDF). energiagroup.com. 31 March 2018. Retrieved 12 June 2020.
  6. ^ "Energia 10 Years to Celebrate". energia.ie. 3 December 2009. Retrieved 12 June 2020.
  7. ^ "Why Energia? - The Power Behind Your Power". energia.ie. Retrieved 12 June 2020.
  8. ^ "Energia has invested heavily in conventional generation". energia.ie. Retrieved 12 June 2020.
  9. ^ Murdoch, Bill (19 November 1997). "Investors get £67m in NIE changes". The Irish Times. Retrieved 12 June 2020.
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