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> £80m project in Northern Ireland to power 25,...
£80m project in Northern Ireland to power 25,000 homes
31 Jul 2013
An £80m project in Northern Ireland is set to boost carbon neutral generation by 10%.
Northern Ireland’s biggest biomass plant will create over 200 construction jobs as well as 20 permanent roles, and it will have the capacity to power 25,000 homes.
The plant, which will open in 2015, will burn at least 115,000 tonnes of recycled wood every year for a period of 20 years. Described as a heat and power plant (CHP), the co-founders of Evermore Renewable Energy, the company leading the project, has won funding of £20m from the UK Government’s Green Investment Bank in its first venture in Northern Ireland.
More funding has come from Specialist Bank Investic and Gravis Capital Partners, who are lending £40m and £20m respectively.
The plant will be built and run by Scandinavian firm Burmeister & Wain Scandinavian Contractor, also taking its first steps into Northern Ireland. Power NI will buy all the energy produced on a long-term contract and use it to power 25,000 homes in the North-West.
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