Corre Energy, the Dublin-listed renewable energy storage developer, has entered into a joint venture with a Dutch company to deliver one of Europe’s largest battery storage facilities.
The joint venture, which is being split equally between the two groups, will initially involve an investment of €7 million, with Corre Energy’s share represented by capital already invested in the project to date. Corre Energy chief executive Keith McGrane said the deal “speeds up and broadens our income profile for Zuidwending while delivering critical storage to meet future energy consumption needs”.
Looking ahead, Mr McGrane said Corre believes batteries “could play a major role in our current and future projects”.
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