4.—(1) There shall stand established, on the establishment day, a body to be known as Fuinneamh Inmharthana Éireann — Údarás Fuinnimh Inmharthana na hÉireann or in the English language Sustainable Energy Ireland — The Sustainable Energy Authority of Ireland (in this Act referred to as the “Authority”) which shall perform the functions assigned to it by this Act.

(2) The Authority shall be a body corporate with perpetual succession and a seal and with power—

(a) to sue and be sued in its corporate name,

(b) to acquire, hold and dispose of land or an interest in land, with the consent of the Minister, and

(c) to acquire, hold and dispose of any other property.