Evermore Renewable Energy has announced £80 million in inward investment and creation of 200 jobs for construction of Northern Ireland's biggest renewable energy plant at the Foyle Port facility at Lisahally.
Evermore have released details of the construction of a 15.8MWe (Mega Watts electricity) biomass combined heat and power plant on the 10 acre Foyle Port site, which will supply electricity to power 25,000 homes.
The plant will use waste wood that would otherwise have gone to landfill, according to Evermore founders Ciaran and Stephen Devine.
The Evermore project is expected to become operational in Summer 2015, increasing the amount of renewable energy currently generated in Northern Ireland by approximately 10%. Over the expected 20 year lifetime of the plant, it will achieve a reduction of 1.2 million tonnes in carbon dioxide emissions, and the project will create 200 construction and 18 full time jobs.