Windfarm fund secures €100m

IRISH investors have pumped over €100 million into a renewable energy fund to invest in wind farms.

Investors in the Solar 21 fund anticipate growing the fund to €500m over the next 18 months.

The chief executive of Solar 21 Renewable Energy Ireland, Michael Bradley, said that many of those investing regard Solar 21 as a recovery plan for their pensions and believe that it may make up for the poor equity market returns over the past few years.