Cenin, a 4MW storage asset using Tesla battery packs in Wales in which Gore Street holds a 49% stake. Image: Gore Street Capital.
London Stock Exchange-listed energy storage investor Gore Street Capital CEO Alex O’Cinneide discussed its fund’s recent expansion outside UK/Ireland and which markets are most of interest, in an interview with Energy-storage.news.
Gore Street Capital is the fund manager of the Gore Street Energy Storage Fund PLC, a £560 million (US$710 million) market cap investment vehicle which recently branched out of the UK and Ireland for the first time with deals in Germany and Texas, USA. It then raised another £150 million to execute on its 1.3GW acquisition pipeline comprising 900MW in Great Britain (GB), 375MW in North America and 100MW in Europe.
“So the target for our portfolio is now 40% GB/Ireland and then 60% Western Europe and…