Evermore starts work on 15.8-MW biomass power plant in N Ireland

Dec 10, 2013 - Northern Ireland-based Evermore Renewable Energy yesterday broke ground on its 15.8-MW waste wood-to-energy plant at home for a total investment of GBP 81 million (USD 133m/EUR 97m).

In a statement on Monday the project developer said the combined heat and power (CHP) plant at Lisahally would be fully operational by the summer of 2015. Burmeister& Wain Scandinavian Contractor A/S will build and operate the facility, which is estimated to produce enough energy for 25,000 households and businesses in the region.

In July, UK alternative asset manager Foresight Group and the Green Investment Bank (GIB) said they would pour GBP 20 million into the project. Foresight has also secured co-investment from GCP Infrastructure Fund Ltd (GCP) and Burmeister & Wain and cooperated with Investec Bank plc and Eksport Kredit Fonden in structuring and financing the Evermore project.

The CHP plant is to use 110,000 tonnes of wood per year via a long-term fuel supply deal with Stobart Biomass. It will divert two million tonnes of wood from the landfill over its life and also avoid some 3.7 million tonnes of carbon dioxide emissions for 20 years of operations.

Northern Ireland’s largest power supplier Power NI will be buying the Evermore CHP plant’s output.

(GBP 1 = USD 1.645/EUR 1.196)

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