energy founded 1998 headquarters belfast northern ireland uk revenue 977 million 2006 operating income 149 million net income 93.5 million owner i squared capital number of employees 1 503 2006 subsidiaries power ni energia website www.viridiangroup.co.uk viridian group plc is a northern ireland based energy business with interests in both northern ireland and the republic of ireland . viridian organises its business in two main groups power ni and viridian power & energy . contents 1 businesses 1.1 power ni 1.2 virdian power & energy 2 history 3 see also 4 references businesses edit viridian s strategy is strongly focused on irish energy markets . its businesses are organised in two main groups power ni and viridian power & energy . 1 power ni edit power ni supplies nearly 800 000 homes and businesses in northern ireland with electricity . 2 power ni power procurement business manages the group s power purchase agreements . power ni was the former customer supply business of northern ireland electricity known originally as nie supply and then after its separation from the rest of nie as nie energy . both it and the power procurement business were separated from nie on 1 november 2007 in accordance with the requirements of the 2003 eu electricity directive which required the independence of the distribution system operation function . . 3 in 2010 viridian sold northern ireland electricity including the nie name to the electricity supply board . as a result nie energy was no longer allowed to use the nie name and it rebranded as power ni on 25 july 2011 . virdian power & energy edit viridian power & energy generates electricity through huntstown power plant and eco wind power while energia provides gas and electricity to commercial customers . history edit viridian was formed in 1998 as a holding company for northern ireland electricity plc the purpose of the reorganisation was to step up the move into unregulated markets and for expansion overseas . 4 nie was a public utility which was privatised in 1993 . formerly a vertically integrated monopoly nie s power stations were demerged and sold prior to privatisation . on 6 october 2006 viridian s board agreed the acquisition of the group by electricinvest a company owned by the international investment firm arcapita . the acquisition which valued viridian at 1.62 billion was completed on 8 december 2006 . 2 on 6 july 2010 viridian agreed to sell northern ireland electricity including nie powerteam but excluding nie energy to the electricity supply board in the republic of ireland . the acquisition was completed in december 2010 . 5 ... . see also edit energy policy of the united kingdom energy use and conservation in the united kingdom green electricity in the united kingdom electricity sector in ireland references edit about us business structure . www.viridiangroup.co.uk . viridian group . retrieved 28 may 2010 . a b esb sizes up north s power networks . sunday times irish ed . . 2010 04 25 . http www.viridiangroup.co.uk default.aspx catid 219 buckley christine 1997 11 19 . nie investors to share surprise 67m windfall . the times . http www.viridiangroup.co.uk default.aspx catid 216 & cid 1403 v t e electricity generation in ireland companies organisations airtricity dublin bay power eirgrid ervia esb group huntstown power imera power northern ireland electricity premier power ni spirit of ireland sse renewables viridian group ni electricity generating stations aghada ardnacrusha ballylumford ni carnsore point coolkeeragh ni inniscarra kilroot ni kinsale road leixlip lough ree moneypoint poulaphouca ringsend poolbeg seagen ni shannonbridge tarbert turlough hill ni indicates northern ireland retrieved from https en.wikipedia.org w index.php title viridian group & oldid 738138603 categories power companies of northern ireland navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 7 september 2016 at 03 43 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view