Irish Glencore subsidiary Vayu plans European energy expansion

The Irish energy supply company Vayu is targeting a more than fivefold increase in revenue in the next three years through European expansion.

12th February, 2012

The Irish energy supply company Vayu is targeting a more than fivefold increase in revenue in the next three years through European expansion.

The company, which is majority-owned by commodities giant Glencore and supplies 20 per cent of the Irish industrial and commercial gas market, is recruiting staff to begin operating in Holland and also plans moving into Belgium and Luxembourg. It has previously announced its expansion into Britain.

Vayu's turnover in 2011 was €65 million,...

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