Corre chief executive Keith McGrane steps down
Troubled renewable energy storage group seen its share price slide this year amid concerns over funding, board exits and loans
Corre Energy
Corre Energy offers cautionary tale as Government bids to revive IPOs
An extraordinary general meeting on Monday will consider investor moves to populate the board with new nominees
Corre says strategic investor may not be locked in until 2025
Renewable energy storage developer to focus on two German projects as lead Dutch project runs into ‘permitting challenges’
Corre shareholders move on board seats after stopgap loan
Corre will publish its interim results on Monday
Corre Energy shares rally as major investors grant €5m loan
Rebound began last week but shares in the embattled renewable energy storage developer are down almost 84% this year
Corre Energy plunges again as interim chairman resigns amid deepening crisis
Company seeking short term working capital from big shareholders
Corre Energy parent pledges 15.4% stake in Dublin company as loan security
Separately, Boyd family acquires 19.3% stake in Irish business as payment for loan
Furlong’s Pageant builds up 3.2% stake in Corre Energy
Corre was down to €1.08m of cash at the end of last year but later raised €2.76m in share sale
Corre Energy to deliver one of Europe’s largest battery storage facilities
Dublin-listed renewable energy storage developer has signed a deal with Dutch market leader SemperPower
Corre Energy to press ahead with naming Rune Eng as interim chairman
Institutional Shareholder Services urges shareholders to reject plan to give company the right to raise up to 20 per cent of market value in share sale without first giving them option to participate
Corre investors urged to reject plan to allow unchecked 20% share sale
Institutional Shareholder Services says move is ‘not in line with commonly used safeguards’
European shares advance on eve of ECB rate decision
All eyes on European Central Bank with interest rate cut widely expected
Corre Energy says it needs to diversify funding sources
Group tells investors it expects to reverse plunge in share price as the market understands the sector better
Global markets slip as investors await key inflation data
Renewable energy group Corre Energy saw its value climb 7% in Dublin after it started a share sale to investors
Corre Energy starts share sale to top up €2.12m raised from large investors
Move gives existing investors the chance to avoid having their stakes diluted by a placing last week
European shares close flat as investors rein in hopes for ECB rate cuts
Successful quarterly earnings at US chipmaker Nvidia have boosted technology shares on global markets
Corre raises €2.1m of short-term cash from founders and long-term investor
Firm says talks continuing with parties interested in making a ‘strategic investment’ in the business
Corre may tap investors for short-term cash as third-party talks continue
Irish-run but Dutch-based business reveals it had €1m cash at the end of last year, down from €3.4m a year earlier
Corre hires Rothschild to advise on investment interest in energy storage developer
Renewable energy storage developer’s shares have lost almost 75% of their value over the past 12 months
Former Iseq darling Corre Energy attracts investment interest after share slump
Energy storage developer has yet to find a way to capture and hold on to shareholder value
Corre Energy director quits amid UK tax allegations
Darren Patrick-Green, the company’s largest shareholder, is to step down with immediate effect
Corre Energy strikes deal to edge Denmark project towards completion
Group has agreed ‘offtake arrangements’ with companies for GHH project and will now look to source funding
Corre Energy seals Siemens deal that will help it close pipeline of projects
Companies said they have launched a global collaboration for the deployment of multiday compressed air energy storage
Global shares crushed by rise in US bond yields amid fears Fed may keep interest rates higher for longer
Irish Stock Exchange performs better than European peers but still little on upside for individual stocks.
European shares recover from six-week low as investors’ eyes turn to crucial US Fed meeting
Meanwhile, as China’s central bank surprised analysists and delivered a smaller than expected cut to lending rates, Asian stocks tumbled, and these policy signals from China also weighed on sentiment in other global markets.
Corre Energy targets growth with US investment
First US project sees energy storage developer acquire project in Texas
Corre targets 1.3GW of energy projects in construction by 2026
Dublin-listed company confirms that it had signed an option agreement on over 500MW of projects in Germany
European shares put in best day in two months as techs shine
Main benchmark logs steep weekly decline on growing concerns over slowing global economy and uncertainty around US debt ceiling talks
Corre Energy raises almost €9m from share placing
Company will use proceeds to fund key projects and pursue new opportunities
Corre to sell up to €7m of shares to advance energy storage projects
Proceeds to be used to advance key projects in Netherlands and Denmark
Irish stock exchange ‘optimistic’ on 2023 IPOs
Only three companies have floated in Dublin in the past four years
European shares advance as China reopens borders after three years
Data pointing to milder than expected recession give market rally some additional confidence but lenders miss out
Kingspan and Uniphar lead Iseq 20 losers in 2022 as equities plummet globally
Index has fallen by more than 17% as concerns over inflation, Ukraine, interest rates and recession hit home
Corre Energy signs storage deal with Eneco for Dutch project
Irish-led group has signed 15-year agreement for the Zuidwending Compressed Air Energy Storage project
Corre Energy appoints Iain Balchin as chief financial officer
Company is aiming to become a world leader in long duration renewable energy storage
Corre Energy plans to raise up to €15 million from investors
Dublin-listed company hopes to cash in one EU’s drive for renewables
Corre Energy to accelerate and expand projects in Northern Europe
Move comes after EU says electricity storage assets are in ‘overriding public interest’
Renewables at scale require long-duration energy storage
Compressed air energy storage and hydrogen production can facilitate gigawatt scale renewables
Corre Energy makes key appointments in Europe
Irish-led company continues growth in Long Duration Energy Storage field
Markets buoyed as inflation worries ease
Many of the Iseq’s indigenous multinationals rise in brisk trading
Irish-led Corre Energy valued at €62m on Dublin flotation
Renewables group, which focuses on underground storage of gases, raises €12m in IPO
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices