Revealed: The Chinese investors prepared to save OpenHydro

The firm’s founding shareholders have assembled a number of potential backers, including a mining giant, to help it escape liquidation

26th August, 2018
2
OpenHydro makes turbines that can help harness tidal energy. But it has faced heavy competition from other forms of renewable energy

Minority shareholders in OpenHydro, the insolvent Irish-French tidal energy company, are engaging with a number of potential Chinese investors in an attempt to piece together a rescue plan to save the business from liquidation.

Brendan Gilmore and Donal O’Flynn, two of the company’s founders, have sourced three interested parties who they believe could provide the funding required to commercialise the technology that OpenHydro has been developing. Gilmore and O’Flynn are backed by a number of...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing

The Daily Briefing