U.S. based Verdant Power, Inc. and Irish company Belleville Duggan Renewables Ltd. have established a joint venture to develop tidal energy projects in Ireland and the United Kingdom.
“Our goal is to become one of the leading project developers in the clean-tech sector,” said John Gleeson of Bellville Duggan Renewables. “To achieve this, we need to be aligned with technology developers at the forefront of their respective areas.”
“The establishment of Verdant Isles allows Verdant Power to develop opportunities in Ireland and the UK by partnering with a locally-based EPC renewable energy contractor and developer with whom the company has established a strong working relationship,” said Trey Taylor , co-founder of Verdant Power.
In parallel with developing sites in Ireland and the UK, the newly created joint venture, named Verdant Isles, plans to set up a manufacturing base in the region that will become part of a global supply chain for marine energy devices. In addition, further research into Ireland’s accessible energy resources will be an integral part of the joint venture, the founding companies said.