The €2.75 billion sale of electricity and gas supplier Energia’s to French investor Ardian will go ahead after regulators approved the deal on Wednesday. Owned by US investor, I Squared, Energia supplies around 900,000 homes and businesses around Ireland, operating two power plants at Huntstown, Co Dublin along with wind and solar farms. The European Commission approved its sale to Ardian on Wednesday, saying the deal would not raise competition concerns given the companies’ limited market positions. I Squared and Ardian had said that, pending competition regulators’ approval, they hoped to complete the transaction by the end of March. Energia last year won planning approval to build a data centre at Huntstown in partnership with tech giant, Microsoft.

Source: The Irish Times February 18, 2026 14:49 UTC