The much-reported, long-anticipated sale of Energia has seen a lot of false dawns but the Irish gas and electricity utility is a step closer with an initial round of indicative, non-binding bidding starting on a deal that could be worth between €2.5 billion to €3 billion. The Currency understands that its owner, US-based asset manager I Squared Capital, is hoping to move along quickly, with phase-two bidding from serious parties taking place in July.  This may be ambitious, however, as Energia covers thermal plants, renewable energy generation and consumer supply north and south of the border, which will entail a…

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