Imera was a subsidiary of Norwegian offshore services company Oceanteam ASA located in Dublin and London. The company was created by merger of a privately-owned Irish company Imera Power and Hydragrid, a subsidiary of Oceanteam. Oceanteam owns a 70% stake in the company. Imera was the promoter of the East-West Interconnector project across Irish Sea between Ireland and Wales. It also proposed the BelBrit interconnector between the United Kingdom and Belgium. In January 2009, Imera announced plans to build Europagrid, an electricity grid connecting multiple European nations and offshore wind farm projects. In April 2009, Oceanteam decided to stop funding Imera as the East West Interconnector did not secure financing.
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