Shares in Corre Energy surge after Dutch group says Ahaus storage facility is 75% complete

The Dublin-listed company is well advanced on its German energy storage projects which will generate net revenues of around €2 billion

Shares in Corre Energy surged on Tuesday after the Dutch headquartered company updated investors on its Ahaus energy storage project

Shares in Corre Energy, the Dutch-headquartered renewables company, surged on Tuesday after the company announced it is inching closer to completing two large-scale energy storage projects in Germany.

The company’s share price jumped more than 13 per cent in trading on Tuesday morning to €1.70, which values the group at more than €120 million.

In a update to investors, Corre said construction of two compressed air energy storage (CAES) projects in Ahaus, Germany, is now ...