Airtricity owner SSE purchases Endesa Ireland
Spanish energy firm Endesa bought four four electricity plants from the ESB in 2008 for €450 million. It intended to invest a further €450 million updating the Tarbert and Great Island plants.
Endesa has been operating in the Republic of Ireland since January 2009 and has four sites with a total operating capacity of 1,068 MW: Tarbert, a fuel oil plant with total installed capacity of 620 MW; Great Island, a fuel oil plant with total installed capacity of 240 MW; and Tawnaghmore and Rhode, each with two gas oil units and 104 MW capacity. These plants account for approximately 10% of the Ireland's total installed capacity. In 2011, Endesa Ireland had output of 69.7 GWh and sales of 162.48 GWh.
“The completion of this acquisition and that of Phoenix Supply announced in May will make SSE the third largest energy company across the island with 750,000 customers,” Gregor Alexander, finance director of SSE said.