The Green Investment Bank (GIB) is to invest £47 million in a Northern Irish project to reuse waste into energy.
The Edinburgh-based lender said the scheme, in Belfast, is the largest of its kind to be financed in Northern Ireland and will have the capacity to generate enough power – generated from household and commercial waste – for 14,500 homes.
Construction of the £107m plant, next to Bombardier’s wing facility in the city’s Harbour Estate, will create about 250 jobs, with about 20 people to be employed in its operations.
Shaun Kingsbury, the Belfast-born chief executive of GIB, said: “Northern Ireland was the location of one of GIB’s earliest investments and it gives us great pleasure to announce another important commitment to the country’s green infrastructure network.”