Funding secured for Portush power plant

23 May 2012 | 09:06 am | 1 min. read

Leading renewables developer B9 Organic Energy and Craigahulliar Energy have signed contracts which will see them develop and operate the first of several landfill gas projects in Northern Ireland.

A landfill gas-fuelled electricity plant capable of generating around 850 kW - enough to power over 500 homes - will be constructed at the Craigahulliar landfill site, near Portrush in Northern Ireland.

The facility will convert emissions from waste into electricity. Power from the project will be sold to Airtricity under an initial three year power purchase agreement.

Funding for the project was sourced by London-based investment manager, Triple Point, which has been actively exploring funding opportunities for energy projects in Northern Ireland in recent times.

Richard Murphy, a lawyer at Pinsent Masons in Belfast who acted as lead adviser on the deal, says, "The market for small and medium scale renewables projects remains very attractive in Northern Ireland due to enhanced support for certain technologies under the Northern Ireland Renewables Obligation scheme, the main incentive scheme to encourage renewables in the province. Biomass developments of this type will be an increasingly important part of the energy mix as we transition to a green economy."

Ian McLennan of Triple Point commented: "We are delighted to reach financial close on the first of our energy projects in Northern Ireland in association with Craigahulliar Energy and B9. The level of government support in Northern Ireland at 1 ROC/MWh has enabled developers and funders to commit to this market and build out projects in the province. We are delighted to be playing our part to ensure that this energy source is being utilised in Northern Ireland to help deliver on government targets."

Latest press releases

Show me all press releases

Pinsent Masons advises Erisbeg on proposed acquisition of PageOne Communications

Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.

Pinsent Masons advises Breedon Group on acquisition of Robinson Quarry Masters and LSE Listing

Multinational law firm Pinsent Masons has advised Breedon Group on the acquisition of Robinson Quarry Masters, a Northern Ireland based family-run quarrying and concrete block business.

Pinsent Masons advises Regenerate in the launch of its European regenerative agriculture fund

Multinational law firm Pinsent Masons has advised Regenerate Asset Management in the launch of the Regenerate European Sustainable Agriculture Fund.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Breedon Group on acquisition of Robinson Quarry Masters and LSE Listing

Multinational law firm Pinsent Masons has advised Breedon Group on the acquisition of Robinson Quarry Masters, a Northern Ireland based family-run quarrying and concrete block business.

Pinsent Masons hires international arbitration partner in Paris

Multinational law firm Pinsent Masons has hired partner Gaëlle Filhol to join the firm’s international arbitration practice.

Pinsent Masons advises Monaco Energies Renouvelables on refinancing of portfolio of photovoltaic power plants

Multinational law firm Pinsent Masons has advised Monaco Energies Renouvelables in connection with the refinancing by Société Générale and Unifergie of 12 photovoltaic power plants with a total capacity of around 100MW.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.