Shares in Corre have soared by more than 200 per cent over the past year, making it by far the best Iseq performer during the period, as investors eye the company’s opportunities as authorities on both sides of the Atlantic accelerate renewable energy transition policies. The green energy agenda in Europe has been turbocharged in the wake of Russia’s invasion of Ukraine a year ago as governments seek to strengthen energy security.
Corre, led by chief executive Keith McGrane, signed a 15-year agreement in December for Rotterdam-based energy group Eneco to use the full power storage and production capacity of the ZW1 project. The GHH1 project is expected to reach commercial close in the second half of this year, which includes binding agreements power firms to take stored energy, grid connections and relevant land use deals.
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Source: IrishTimes - 🏆 3. / 98 Read more »