Studies by the Sustainable Energy Authority Ireland (SEAI) have demonstrated the potential of tidal energy in Ireland as an economic driver and source of clean energy. SEAI has projected viable tidal current energy resources of some 900 GWh per year and Verdant Isles has been established with a view to exploiting this resource. Development of just half of this would represent an investment of more than 150 million euros with the potential to create up to 250 Irish jobs in the resulting global supply chain.
Verdant Isles intends to establish a manufacturing base in the region that will become part of a global supply chain for marine energy devices. The venture will entail further research into Ireland’s accessible energy resources.
“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. Belleville Duggan Renewables is excited to announce the establishment of Verdant Isles as a partnership with Verdant Power – a world leader in the design and application of marine energy solutions.”
Trey Taylor, co-founder of Verdant Power, added that the establishment of the JV allows the company 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.
Belleville Duggan Renewables was established by Duggan Brothers (Contractors) Ltd. in response to the growing market in the renewable energy sector, both in Ireland and the UK. Further to extensive research into the available technologies, the company has concentrated its initial efforts on partnering with developers of groundbreaking technologies. In order to bring these technologies to the UK and Irish market, Duggan Brothers has formed strategic partnerships with leading European and U.S. technology providers.