Renewable firm plans €2bn US spend

RENEWABLE energy firm Gaelectric is planning to invest more than €2 billion in America over the next six years.

The company has secured further transmission capacity in the US north-west, giving it an opportunity to double existing power capacity in the region.

Negotiations are also under way with Trans Canada for what is understood to be substantial capacity on the Chinook line which would complete Gaelectric’s transmission capacity objectives in the north-west region.