We are proud to announce the first investment of the Goodbody 2024 EIIS Fund. Closed in February 2025, the Fund completed a €2.1m investment in Grangegeeth Solar Farm.

The 4.99MW site is located in Slane, County Meath, and marks the Goodbody EIIS Funds’ second investment in the project, bringing total EIIS investment to €5.5m (including a private placement round).

Powering Progress in Renewable Energy

The funds will support the continued construction of the solar farm, which is scheduled to reach commercial operations in 2026. Once operational, Grangegeeth Solar Farm will generate enough capacity to provide clean energy for approximately 1,800 homes each year. The project has qualified under the Small Renewable Energy Support Scheme (SRESS), securing a government backed 15-year income contract from the date the site is energised.

Expertise Behind the Project

The project is led by Niall Donnelly, and an experienced engineering director in utility-scale solar projects. With a background in Mechanical Engineering, a Diploma in Construction Law and Contract Administration, and nearly a decade of industry experience, Niall brings invaluable expertise and credibility to the project.

Continued Commitment to a Sustainable Ireland

The Goodbody EIIS Funds have now invested in four renewable energy projects spanning both wind and solar. Two of these investments have been exited successfully, while the remaining two are still in their holding periods.

“We are delighted to support the Grangegeeth Solar Farm. This investment underscores our ongoing commitment to advancing Ireland’s renewable energy capacity and supporting a more sustainable future for communities across the country.”

~ Mark Prout – Investment Director (Goodbody EIIS Funds).

“It was a pleasure to partner with the Goodbody EIIS Funds to secure the construction funding for Grangegeeth Solar Farm. From our first meeting, they were clear on their investment objectives and they then executed on this with precision. The funds invested will secure the near-term deployment of a new renewable generation source on our electricity distribution network and form a long-lasting part of Ireland’s new indigenous energy mix.”

~ Niall Donnelly – Promoter (Grangegeeth Solar Farm)