New £27m fund to finance on-farm renewable energy projects in Northern Ireland

A new £27m fund has been launched today by Assured Asset Energy Ltd (AAE) to finance up to 30 on-farm renewable energy projects and create 180 construction jobs in Northern Ireland.

According to AAE, the new anaerobic digestion plants will process up to 450,000 tonnes of farm waste annually to produce biogas and generate up to 8.5MW electricity for connection and sale onto the Northern Ireland.

We’re very excited to be launching this fund that will be of great benefit to local farmers and will help Northern Ireland reduce its carbon footprint,” said Alex Colombini, director of AAE. “We encourage farmers who have the capacity to take advantage of the opportunity.

“Renewable energy really is a win-win – a win for the environment and the economy,” said Environment Minister Mark H Durkan, who officially launched the fund. “This fund will help more farmers to seize the benefits of this renewable technology which can help them make savings and reduce running costs in the longer term.  Anaerobic digesters can also assist in reducing carbon emissions and help meet executive renewable energy targets.

Alternative_Energies

Author: Jürgen from Sandesneben, Germany

Source: http://businessandleadership.com/business/item/45913-new-27m-fund-to-finance/

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