An anaerobic digestion plant (AD) in Northern Ireland is being backed by the UK’s green bank.
The Green Investment Bank (GIB) has partnered with Foresight Group to provide £1.7 million to the project.
The 0.5MW plant is expected to generate 3,600MWh of electricity per year – equivalent to powering 850 homes.
It will also reduce carbon emissions by 2,000 tonnes.
The total cost of the site is £3.4 million and will be built by Williams Industrial Services.
Ed Northam, Head of Investment Banking at GIB said: “Investing in anaerobic digestion encourages rural businesses to be self-sufficient, reducing their reliance on fossil fuels and diverting organic waste from landfill. The process creates energy generators out of those who would otherwise just be energy users, giving them the ability to make money by exporting electricity and producing fertilisers while simultaneously saving them money. Northern Ireland has once again proven that it is awake to that opportunity.”
The GIB is also investing Santander’s project to replace all its lighting with LEDs.