Energy company's electric deal
Published 15/05/2012 | 08:00
A Larne-based renewable energy company is to build a plant to produce electricity at a Portrush landfill site.
B9 Organic Energy has joined forces with Craigahulliar Energy to develop and operate the first of several landfill gas projects it plans to exploit in Northern Ireland.
The plant will be constructed at the Craigahulliar landfill site and will turn gas from waste into around 850 kW of electricity, enough to power over 500 homes.
Power from the project will be sold to Airtricity under an initial three-year power purchase agreement. Richard Murphy from law firm Pinsent Masons in Belfast acted as lead adviser on the deal.
"The market for small and medium scale renewables projects remains very attractive in Northern Ireland due to enhanced support for certain technologies under the Northern Ireland Renewables Obligation scheme, the main incentive scheme to encourage renewables in the province," he said.
"Biomass developments of this type will be an increasingly important part of the energy mix as we transition to a green economy."
The project has been financed by London investment company Triple Point.