Green energy JV sees losses top €1m

Irish Times | Feb 15, 2020 at 6:41 AM
  • Losses at a green electricity joint venture between Airtricty owner SSE and businessman Michael Murnane topped €1 million last year as the company slashed debt by €10 million to €61 million, the latest figures show.
  • The business ended the 2019 financial year €4 million in the red, compared with a shareholders’ deficit of €2.8 million 12 months earlier.
  • The company earns revenues from selling the electricity generated by the Rylane wind farm.