U.K. Green Bank Invests in Wood-to-Power Through Foresight Fund
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A fund backed by the U.K.’s Green Investment Bank channeled 20 million pounds ($30.6 million) into an energy project in Northern Ireland that will turn wood into electricity and heat.
The money from the U.K. Waste Resources & Energy Fund, managed by Foresight Group LLP, will help finance an 81 million-pound facility in Lisahally that will produce enough electricity for more than 25,000 homes a year, the GIB said today in an e-mailed statement. It expects the plant to start working in 2015.