Elgin Energy targets 5GW of solar plus storage by 2025 following £25m fundraise
Solar and storage developer Elgin Energy has raised £25 million, and will target an ambitious medium-term growth strategy.
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Solar and storage developer Elgin Energy has raised £25 million, and will target an ambitious medium-term growth strategy.
UK-based Elgin Energy has raised £25m in an oversubscribed funding round led by Irish investment firm Focus Capital Partners.
Firm will use cash to pay for energy projects capable of generating 5,000MW of electricity
1st May 2021 Jack O'Keeffe's election as Chairman of the globally-spread Drascombe Association has highlighted the extensive voluntary work of someone who normally functions under the radar Credit: W M Nixon There are several organisations in Ireland's varied maritime life that don't need a high profile to do good and useful work by stealth, and you'll find Jack O'Keeffe of Carrigaline in Cork is involved with several of them. But his recent election as Chairman for two years of the internationally-operating Drascombe Association has inevitably raised his profile and drawn fresh attention t...
Elgin Energy's bifacial installation in Ireland. Image: Elgin Energy. Elgin Energy is to progress a 210MW portfolio of subsidy-free solar following the closure of its first fundraise with Focus Capital Partners. The £4.35 million raised is to be invested into the portfolio, which spans several projects in the company’s UK late-stage pipeline. Ronan Kilduff, managing director of Elgin Energy, said the partnership will “expedite our progress” in the delivery of unsubsidised UK solar projects and help to “contribute towards UK net zero by 2050”. He added the engagement with Focus Capi...