The logistics and transport team, STOBART, says its branch has won a contract value $75m over 15 years to provide a renewable energy power station in Northern Ireland. The $80m Evermore Renewable Energy Plant, a 15.8 MWe Engineered timber fuelled combined heat and power (CHP) channel is to be assembled in Derry and is expected to be operational by summer 2015.
Annually, Stobart Biomass will supply the plant with over 115,000 tonnes of recycled timber and is
contracted to supply fuel.
The group stated it expects to generate revenues of approximately $75m over the life of the contract. Funding for its Evermore plant has been provided mostly from the UK Waste Resources & Energy Fund (UKWREI), a fund managed by The Foresight Group and in which the Government’s Green Investment Bank plc is a major cornerstone investor.
Andrew Tinkler, leader of Stobart, stated: “Stobart Biomass is seeing increased demand for its selection of products across the united kingdom and is pleased to encourage Evermore with this essential advancement in Derry. Stobart Biomass has a broad pipeline of opportunities. We anticipate assisting plant developers and funders to bring those opportunities to fruition and developing our Biomass business.”