Gaelectric Raises Additional Financing For Onshore Wind Portfolio

Posted by NAW Staff on September 08, 2015 No Comments
Categories : New & Noteworthy

Dublin-based renewable energy group Gaelectric has raised an additional EUR 28 million in debt financing from Proventus Capital Partners II AB.

According to Gaelectric, the proceeds will be applied to the continued rollout of the developer's portfolio of wind energy projects in Northern Ireland and the Republic of Ireland.

Gaelectric says this is the fourth round of financing it has completed with Western European lender Proventus since December 2012.

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