ESB Novusmodus, the corporate venturing group of Ireland-based utility ESB, has led a €20m ($28m) investment into local renewables developer, Wind Energy Direct (WED). 

 The funds will be used for the development of on-site projects for large energy users across Ireland and the UK, adding up to 75MW of wind generation capacity.

Michael Aherne, co-head of ESB Novusmodus, said: "WED will allow Irish businesses to maximise the opportunity for auto-generation and for exploitation of their wind and land resources with a well funded, expert developer."

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