Foresight and UK Green Investment Bank complete £20 million Northern Ireland investment

Derry/Londonderry
Derry/Londonderry

Foresight Group – a leading, independent alternative asset manager with current assets of over £650 million – and the UK Green Investment Bank – the bank created in 2012 to accelerate the UK’s transition to a  green economy and to create an enduring Institution, operating independently of Government –  have invested £20 million into the construction of the Evermore Renewable Energy (15.8MWe) wood fuelled combined heat and power (CHP) station to be built in Derry/Londonderry, in Northern Ireland. The Foresight managed fund, UK Waste Resources & Energy Fund (Ukwrei), in which the Green Investment Bank is the cornerstone investor, has made the investment, which is the first GIB funded project in Northern Ireland.

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