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U.K. Green Bank and Equitix Back Biomass on Turkey Farms

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March 10 (Bloomberg) -- The U.K. Green Investment Bank and Equitix Ltd. are providing 24.5 million pounds ($40.8 million) for the installation of clean energy boilers at turkey farms.

The money will pay for the installation of 179 biomass boilers across 21 farms owned by Bernard Matthews Plc in northeast England, the GIB said today in an e-mailed statement. The Equitix-managed Energy Saving Investments fund, backed by the GIB, is providing 12 million pounds with the rest being invested from the Equitix Energy Efficiency Fund.

“We’re already generating a large proportion of our energy needs from other renewable sources including solar and wind and with the addition of biomass boilers on our farms,” David Joll, executive chairman of Bernard Matthews, said in the statement. “We’re well placed to be generating 100 percent of our energy sustainably by 2016.”

The GIB started in November 2012 and it has 3.8 billion pounds of U.K. government funding.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett

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