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AAE launches £27m renewable energy fund in Northern Ireland

Assured Asset Energy (AAE) has launched a £27m fund to finance up to 30 farm-based renewable energy projects in Northen Ireland. When completed, each plant will generate energy for up to 5,000 homes.

The anaerobic digestion (AD) plants will process up to 450,000 tonnes of farm waste annually to produce biogas and generate up to 8.5MW of electricity for sale onto the Northern Ireland grid, as well as creating 180 construction jobs in the province.

AAE said farmers would be able to apply for funding to develop plants on their land.

Director Alex Colombini added: “We’re very excited to be launching this fund that will be of great benefit to local farmers and will help Northern Ireland reduce its carbon footprint. We encourage farmers who have the capacity to take advantage of the opportunity.”

Northern Ireland, which currently has only eight AD plants, has set a target of renewable energy providing 40% of its consumption by 2020.

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