U.K. Green Bank Fund Invests in Irish Farm Waste-to-Power PlantsLouise Downing
A U.K. Green Investment Bank-backed fund channeled 3.2 million pounds ($5.5 million) into two plants that will generate power from farm waste in Northern Ireland.
The money from the U.K. Waste Resources & Energy Investments Fund, managed by Foresight Group LLP, will be used to support construction of the projects in County Tyrone and County Down producing enough energy to power as many as 1,700 homes a year, the GIB said today in an e-mailed statement.
Williams Industrial Services Ltd., a local engineering company, provided a further 3.2 million pounds.
“Today’s announcement is a textbook example of the types of project we should be seeing all across the U.K.,” Shaun Kingsbury, chief executive officer of the GIB, said. “It’s green, turning farm waste into renewable energy and fertilizer. And it’s good for the local farming community, earning and saving them money.”