Irish green energy group says it is prioritising more advanced projects in Europe and Asia via IrishTimesBiz
Mainstream described the Japanese project as a “well-formed early-stage development opportunity” on an ideal site close to good electricity grid connections, when it originally announced the investment.
Such contracts, known as power purchase agreements, are secured through auctions run by the state that favour the lowest bids. The business, led by chief executive, Mary Quaney, lost €630 million last year, according to Aker’s annual report, which was published earlier this month.
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