Irish renewable energy firm to build €60m plant in UK
23 February 2016
Irish renewable energy firm, Solar 21, has acquired the project rights to build a 22 megawatt (MW) biomass power plant in the UK.
The plant will be built on a 64-acre site near Hull, England. The firm is looking to secure €60 million through a fundraising round for the project, which has been under construction since October, 2015.
Solar 21 chief executive Michael Bradley said there were investment opportunities available in this, the first of five pipeline projects with energy recover systems firm Heat Recovery Solutions.
“This is a perfect opportunity for conscientious investors to participate in an ethical company while securing strong returns,” he said.
According to Solar 21, the investment returns on the Hull project are significant and the firm expects to continue its high return track record on the plant.
“Since 2010, Solar 21 has delivered consistently high returns to our investors.
“Our team understands renewable energy and we are acutely aware of the value to investors of a steady, above-average return,” said Bradley.
Solar 21 also says that the plant will benefit from UK government-backed revenue once it’s up and running.http://www.engineersjournal.ie/2016/02/23/irish-renewable-energy-firm-to-build-e60m-plant-in-uk/http://www.engineersjournal.ie/wp-content/uploads/2016/02/aaa1g-1024x576.jpghttp://www.engineersjournal.ie/wp-content/uploads/2016/02/aaa1g-300x300.jpgNewsenergy,renewables,United Kingdom