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.

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