Gaelectric in Talks With Investors on Energy Storage in Ulster
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Gaelectric Holdings Plc, the Dublin-based developer, is in discussions with infrastructure investors for a 300 million-pound ($466 million) project in Northern Ireland to store surplus energy from wind turbines.
Gaelectric plans to form partnerships with investors by the end of the year to build the venture near Larne, County Antrim, Chief Executive Officer Brendan McGrath said today in an interview. He outlined the plans after the developer opened its Carn Hill wind farm nearby in Newtownabbey.