01/10/2008
Ireland - Eco Wind Power back on the market
Eco Wind Power, a wind energy firm backed by Johnny Ronan and Richard Barrett of Treasury Holdings, is back on the market in the wake of the €1.8 billion sale of industry peer Airtricity.
Airtricity was the preferred bidder to buy Eco Wind Power in a deal worth about €200 million, but the deal was shelved when Airtricity itself was put on the market. The €200 million includes a sizable amount of debt, according to industry sources.
The sale process of Eco Wind is now understood to be continuing, with a new bidder likely to be selected in the coming weeks.
Interested parties include Viridian and SWS Natural Resources, both of which have held preliminary discussions with Eco Wind.
Airtricity was the preferred bidder to buy Eco Wind Power in a deal worth about €200 million, but the deal was shelved when Airtricity itself was put on the market. The €200 million includes a sizable amount of debt, according to industry sources.
The sale process of Eco Wind is now understood to be continuing, with a new bidder likely to be selected in the coming weeks.
Interested parties include Viridian and SWS Natural Resources, both of which have held preliminary discussions with Eco Wind.
- Source:
- Eco Wind Power
- Author:
- Edited by Trevor Sievert, Online Editorial Journalist
- Email:
- press@windfair.net
- Link:
- www.windfair.net/...
- Keywords:
- wind energy, wind farm, renewable energy, wind power, wind turbine, rotorblade, offshore, onshore
