Evermore Renewable Energy has secured a multi-million investment to build the first of its kind renewable energy power plant in Londonderry Port and Harbour, Lisahally.
The 15-megawatt plant is expected to be fully operational by 2015 and will increase the amount of renewable energy currently generated in Northern Ireland by 10 per cent.
Ciaran Devine, co-founder of Evermore said: “We are making a serious commitment to the Northern Ireland energy market. Working with the best partners in technology, fuel supply and financing we hope to show that Northern Ireland is a great place to do business so that further inward investment will follow.”
Welcoming the announcement, Northern Ireland’s Energy Minister, Arlene Foster said: “The Evermore plant will make an important contribution towards Northern Ireland’s 2020 renewable energy targets.
“It is a wonderful example of local, national and international co-operation and I am particularly pleased to note that this is the first Northern Ireland project to secure funding from the Green Investment Bank. I congratulate all those involved in securing this significant investment for the North West.”