Gaelectric to tap into EIB funds for plant
Irish energy company Gaelectric is hoping to tap into European Investment Bank funding to help finance a proposed €300m energy storage plant in Larne, Co Antrim.
Irish energy company Gaelectric is hoping to tap into European Investment Bank (EIB) funding to help finance a proposed €300 million energy storage plant in Larne, Co Antrim.
Brendan McGrath, the chief executive of Gaelectric, said the he believed the project would be listed as critical infrastructure under the Irish SEM (Single Energy Market), thereby allowing it access to EIB finance.
McGrath said the company was also looking at securing finance through the Green Investment...
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