GS EU Fund Acquires 195 MW / 390 MWh Kilmannock and Mucklagh BESS Projects in Republic of Ireland
Gore Street Capital's GS EU Fund has completed the acquisition of two ready-to-build BESS projects in the Republic of Ireland from Gore Street Energy Storage Fund: Kilmannock (120 MW / 240 MWh) and Mucklagh (75 MW / 150 MWh), totalling 195 MW / 390 MWh. Both projects have secured grid connections and planning permissions, with CODs expected in Q1–Q2 2028. The acquisitions mark the first deployment of the Ireland Strategic Investment Fund's commitment into the Irish grid.
Transaction date: · Source: gorestreetcap.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 195 MW
- Transaction price
- Not disclosed
- Buyer
- Gore Street Capital
- Country
- Ireland
- Region
- Republic of Ireland
- Location
- Kilmannock and Mucklagh, Republic of Ireland
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
Two standalone ready-to-build BESS projects: Kilmannock (120 MW / 240 MWh) and Mucklagh (75 MW / 150 MWh), totalling 195 MW / 390 MWh at initial two-hour duration. Both sites have secured grid connections, land rights and planning permissions. Potential to be augmented to four-hour duration over the project lifecycle. Kilmannock COD expected Q1 2028; Mucklagh COD expected Q2 2028.
Additional information
Kilmannock acquired in full from GSF. Mucklagh acquired from GSF (51%) and its JV partner, with GS EU now holding 100% of both sites. Both GSF and GS EU are managed by Gore Street Investment Management; transactions conducted at arm's length with independent third-party valuations. GS EU Fund is backed by the Ireland Strategic Investment Fund (ISIF), managed by the National Treasury Management Agency, as cornerstone investor since the Fund's first close (end of 2025). Publication date not specified; please provide to complete the record.
Source
Original announcement: https://www.gorestreetcap.com/blog/gs-eu-completes-first-acquisition/