Corre Energy says it needs to diversify funding sources

Corre Energy, the storage developer for renewable energy, has said it will need to “diversify its funding sources” but insisted the plunge in its share price will be reversed “over time”.

In its annual report for 2023 published on Friday, chief financial officer Matthew Chrysler-Savage said that while the share price performance during 2023 was “not as strong as prior years”, this was in line with the overall trend in the sector and the wider economy.

The annual report shows Corre chief executive Keith McGrane’s remuneration package totalled €311,000 in the year, which was up from €307,000 the year before.

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