A storage project under construction at Kilmannock, in the Republic of Ireland, will have four times the original planned capacity.
Gore Street Energy Storage Fund said Kilmannock had secured an increase in its allocated grid connection capacity of 90MW, in addition to the 30MW currently secured. The company said the addition would lower the price per MW of construction costs.
As at 19 November 2021, the company has over 600MW of operating and under construction projects in the UK and Ireland. It has 310MW of assets across the island of Ireland and it says the two operational assets of the Irish portfolio, Drumkee and Mullavilly, were instrumental in preventing a black-out on the Irish transmission network following the sudden loss of two conventional generators on Monday 22 November.
Alex O’Cinneide, CEO of Gore Street Capital, the Company’s investment adviser commented: “I would like to thank the Ireland Strategic Investment Fund for their continued support in assisting Gore Street in the growth of our portfolio in Ireland and look forward to working closely with them in the future.”
Paul Sanders, Head of Climate at Ireland Strategic Investment Fund National Treasury Management Agency, said: ” The delivery of this flexible infrastructure is key to enabling the Irish energy system to increase renewable generation in line with the Irish government’s ambitious target, with plans to increase the proportion of renewable electricity to up to 80% by 2030 .”