Investee Company Name: Grady Joinery Limited
Investment Amount: €0.65m
Industry: Renewable Energy Production
Reason for Investment: Capital Expenditure – to construct the turbine.
The Goodbody EIIS Fund invested in the Grady Joinery wind project being developed on the site of Grady Joinery in Charlestown, Co. Mayo by Wind Energy Direct. The project will supply up to 20% of the electricity generated to the factory on site with the balance to be sold to the grid under the REFIT 2 support program. Wind Energy Direct was set up by Dominic Costello, to complete renewable energy projects and specialises in developing niche renewable energy projects to help save large energy users money. The project is now up and running and producing green energy.