Verde has announced a strategic partnership with VIOTAS to launch a major investment programme for ultra low-carbon back-up generation in Ireland. The programme is now processing applications and is designed to strengthen resilience for large industrial and commercial energy users with no upfront capital required. Backed by almost €80m in contracted revenues secured by VIOTAS, the initiative combines Verde’s funding and project delivery capabilities with VIOTAS’ market expertise to deliver modern, ultra low-emission resilience assets that protect critical operations while supporting Ireland’s transition to a renewable-led electricity system.

A new report from the International Energy Agency (IEA) has confirmed what every business owner already suspects: Retail electricity prices in Ireland are now three times higher than wholesale costs. Despite wholesale prices falling significantly since the energy crisis, suppliers have kept prices high, and the government continues to do nothing, allowing price gouging to continue unchecked.