What are you talking about?Originally Posted by riven
SEI is a statutory body. SWS is a privately owned group involved in lots of different industries.
SEI do not have wind projects. Never did and never will. THey promote research, development and deployment of renewable energy and what not.
THere was a Phoenix article a few years ago which questioned the relationship due to proximity of one of SEIs office to SWS but that was about it.
Now Brendan Halligan Chairman of SEI has been appointed to the board of Mainstream Energy.
Now that is another question. Mainstream is Eddie O Connor's new venture.
As for Arklow, that was originaly to be about 300MW but it fell through.
I dont know what happened there but the joint venture didnt work out.
No doubt money was involved.
Eddie O Connor might say 14c/kWh isnt enough for wind but others in the offshore business say it is just about doable.
For now. Costs are going up by the day. It's a vendors market and if you dont cough up you loose the turbine to Spain or Germany.
Eddie O Connor has always been good at using the media. And good luck to him I say cos without people like him we'd never get anywhere with our targets.
It is a shame the industry cant be left to the people with all the right reasons for doing it but if it was the banks wouldn't fund it.
They hold all the cards for debt financed projects. Leaving the ESB group of companies free to dip into huge cash reserves.



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