There is an abundance of finance available for anaerobic digestion projects and an unlimited market, according to speakers at this week's RGFI Ireland biomethane conference.
Modern farm AD plants will need a minimum of €10m to build.
ADVERTISEMENT
Funding the development of an anaerobic digestion (AD) sector will not be an issue as there is a “wall of capital available for projects”, KPMG’s Russell Smyth said at this week’s Renewable Gas Forum Ireland (RGFI) Ireland biomethane conference.
Globally, green funding currently accounts for $53 trillion with the majority of renewable funding being channelled into wind and solar.
However, there has been a transformation over the past year with many funders now looking to get involved with anaerobic digestion across Europe and Ireland.
ADVERTISEMENT
Modern farm-scale AD biomethane plants could cost around €10m to build and Ireland will need to develop a minimum of 200 plants by 2030 under Government targets.
However, Government support for the sector and long-terms gas contracts will be essential for investment, the conference heard.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Funding the development of an anaerobic digestion (AD) sector will not be an issue as there is a “wall of capital available for projects”, KPMG’s Russell Smyth said at this week’s Renewable Gas Forum Ireland (RGFI) Ireland biomethane conference.
Globally, green funding currently accounts for $53 trillion with the majority of renewable funding being channelled into wind and solar.
However, there has been a transformation over the past year with many funders now looking to get involved with anaerobic digestion across Europe and Ireland.
Modern farm-scale AD biomethane plants could cost around €10m to build and Ireland will need to develop a minimum of 200 plants by 2030 under Government targets.
However, Government support for the sector and long-terms gas contracts will be essential for investment, the conference heard.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS