Green Investment Bank fires up £81m Northern Ireland biomass plant

BusinessGreen staff
clock •

Institution puts £20m towards 15.8MW Evermore Renewable Energy project in Derry/Londonderry

The Green Investment Bank (GIB) has invested £20m in a new biomass power plant, the first project it has funded in Northern Ireland. The investment forms a substantial chunk of the £81m Evermore Renewable...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Three forces have derailed progress on corporate sustainability

Organic farming: Growth surges in Scotland as slump continues in England and Wales

More on Biomass

MPs accuse government of letting biomass importers 'mark their own homework'
Biomass

MPs accuse government of letting biomass importers 'mark their own homework'

Public Accounts Committee calls for more robust oversight of biomass supply chains to help ensure public value for money and dispel 'white elephant' fears

Stuart Stone
Stuart Stone
clock 25 April 2025 • 5 min read
Government to halve subsidies for Drax biomass power plant with new 'compromise' contract
Biomass

Government to halve subsidies for Drax biomass power plant with new 'compromise' contract

Proposed agreement aims to ensure only sustainable biomass used in Yorkshire power plant, but campaigners decry 'a dirty compromise with past failures'

James Murray
James Murray
clock 10 February 2025 • 5 min read
Drax to pay £25m following Ofgem biomass data investigation
Biomass

Drax to pay £25m following Ofgem biomass data investigation

Energy firm admits to inadvertently breaching sustainability data reporting rules, but Ofgem finds no evidence Drax incorrectly received UK renewables subsidies

Michael Holder
Michael Holder
clock 29 August 2024 • 5 min read