Viridian is Northern Ireland’s leading energy company, supplying electricity to 786,000 businesses and homes through its subsidiary NIE Energy. The group also operates the Huntstown power stations near Dublin, which can generate up to 17% of the whole of Ireland’s electricity needs. In 2008 Viridian strengthened its position in the Irish market for renewable energy by acquiring a wind-farm operator. The group has been backed by private equity since 2006, when Bahrain-based Arcapita paid £1.6 billion to delist it from the London and Irish stock exchanges. Under group chief executive Peter Bourke, sales rose 42% to £1,450m in 2008.
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