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Circular Energy to raise € 5 MM through a share issue

Circular Energy is embarking on a funding round to raise 5 MM from investors in order to finance the detailed design of their first offshore installation.

 

The installation is intended to produce clean power from gas and will be installed in the North Sea. The start-up company has completed the conceptual design stages and is now ready to commence the production of all key drawings, specifications and plans as soon as funding is in place.

 

The company has already commenced bid rounds for key items of equipment. Selected vendors will be invited to participate in the detailed design.