How a Bird Charity’s Battle Against a Wind Farm Backfired
- New Mainstream CEO says legal battle may help Scottish project
- Neart na Gaoithe contract rose in value while prices fell
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The lengthy court case pitting a U.K. bird charity against an offshore wind developer has had the unintended consequence of lifting asset values at the Irish company behind the project.
The value of subsidies won by Mainstream Renewable Power Ltd. in 2014 to build the 2 billion pound ($2.6 billion) Neart na Gaoithe offshore wind farm have soared since the Royal Society for the Protection of Birds challenged the project in court, according to Andy Kinsella, the new Chief Executive Officer of the Dublin-based company.