Germany-headquartered renewable energy generation company Innogy will construct its first battery storage facility in Ireland.
The 60MW battery storage project will be located in County Monaghan, with construction set to commence this year and commissioning scheduled for 2021.
Innogy has taken the final investment decision for the storage facility, and the planned investment volume amounts to around €25 million (US$27.57 million) in total.
It established its subsidiary, innogy Renewables Ireland, in 2016 in response to its expansion into the Irish market.
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