Saturday 7 December 2019

Eamonn and Brendan McGrath

Place: 142 Change: - 29

Eamonn and Brendan McGrath

Eamonn and Brendan McGrath

Worth 2016 €95 m (-9.52%)

Worth 2015 €105 m

  • Industry Energy

Artane brothers Eamon (56) and Brendan (63) McGrath have raised €45m from investors for the renewable energy group Gaelectric.

Funding documents for a new financing deal value the business at €150m, slightly lower than last year. They have inked a deal with Elon Musk's Tesla for battery technology, which could be a game changer for the renewable industry here.

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