Corre Energy BV - Groningen, Netherlands-based renewable energy storage and green hydrogen - Announces commercial close criteria achieved for ZW1 Netherlands project. Agreements are in place for the tranche III funding draw-down totalling EUR4.0 million from Italian Energy Efficiency Fund II. Announces trio of projects with Belgian chemical firm Solvay SA in North Rhine-Westphalia, Germany with a potential generating capacity of 500 megawatts. The site has permits for mining and is set to be handed over to Corre Energy in early 2027.

Corre Energy says that whilst cost inflationary pressures continue, they will be more than offset by the revenue uplift at the ZW1 project.

Chief Executive Officer Keith McGrane says: "As momentum continues in our business, we are seeing major offshore wind firms, grid operations, partners and policymakers understand the huge role and potential of our projects in storing, securing and sharing the world's limitless renewable energy."

Current share price: EUR3.28

12-month change: up 49%

By Will Neill, Alliance News reporter

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