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Gaelectric, announces that it has raised an additional € 28 million in debt financing from Proventus Capital Partners II AB (Proventus).

This is the fourth round of financing that Gaelectric has completed with Proventus since December 2012. The funds will be applied in the continued rollout of Gaelectric’s portfolio of wind energy projects in Northern Ireland and the Republic of Ireland. Proventus is a Credit Investment Company that provides tailor-made credit facilities to midsized Western European companies.

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