Displaying items by tag: €10m Project

28th September 2020

€10m Investment for Green Energy Project in Cork Harbour

Mr Flynn, who is originally from East Cork, owns and heads up UK debt solution company Creditfix.

Irish businessman Pearse Flynn who made his fortune in the tech and telecoms has announced a €10m investment in a green energy project in Cork Harbour that aims to create 80 jobs within two years.

Flynn has acquired Crosshaven Boatyard as the headquarters of his new venture, Green Rebel Marine, to service the future needs of offshore windfarms.

The firm will use the nine-acre site as its base for surveying, equipping and servicing a network of planned wind farms along the Irish coast. The boatyard will continue its normal operations as a boatyard.

Mr Flynn, who is originally from East Cork and who owns and heads up UK debt solution company Creditfix, has also bought two specially equipped hi-tech ships for the new business.

The first vessel – the Bibby Athena, which will be renamed Roman Rebel - has already arrived in Cork. The second is scheduled to arrive later this year.

For further reading from the Irish Examiner here.

Published in Power From the Sea

Tagged under

About the TP52 Racing Yacht

The TP52 racing yacht is a remarkable example of cutting-edge technology in the world of competitive yachting. Measuring 52 feet (15.85 metres) in length, this vessel is constructed entirely from carbon fibre, making it an incredibly light and agile craft.

The TP52 features a 6.25-metre high rig, complete with a fractional asymmetrical spinnaker and a self-tacking jib. This design reduces the workload of the crew, allowing for more efficient manoeuvres and freeing up the crew to focus on the mainsheet upwind and on two-sail reaches.

The spinnaker rigging set-up, measuring 15.00 m2, presents a challenge to even the most experienced crews, requiring them to be fit and perfectly coordinated. Maneuvering the boat requires athleticism due to the vessel's lack of inherent stability and the high speed generated by the fully battened mainsail and jib.

The TP52's hull is constructed of fibreglass-reinforced polyester in a foam sandwich layout, resulting in a weight of just 74kg. The fully battened mainsail and jib are made from a transparent Mylar laminate with orange or red Dacron trimming, while the spinnaker is manufactured from ripstop Nylon.

The mast is made up of three parts, featuring an aluminium bottom and middle section, with a polyester-fibreglass composite tip to increase mast bend and decrease overall weight. The capsizing moment, which can be generated by a heavy mast tip, is also reduced through this design. The TP52's foils are constructed from either aluminium or fibreglass, depending on the specific requirements of the vessel.

Overall, the TP52 racing yacht is an exceptional example of the latest advancements in yacht design and technology. Its lightweight construction, advanced rigging, and high-speed capabilities make it a top contender in the world of competitive yachting, challenging even the most skilled and experienced crews.