CycleØ to invest in 4 new agri-based biogas plants across Ireland

In Ireland, CycleØ Group announced its intention to make a significant investment in new innovative biomethane plants in Ireland.  The group, which boasts a portfolio of hundreds of successful biogas/biomethane installations in more than 40 countries globally, stated its intention to initially build 4 new agri-based plants across Ireland. This requires an investment totaling more than €100m to bring sustainable, renewable energy to the country which will support decarbonisation, provide a solution to the challenge of waste management and bring new green jobs to rural communities.

The investment means that CycleØ group will equity-finance, build and operate new plants, at 4 sites initially identified in Kildare, Cavan, Galway and Limerick. These plants are expected to generate around 40 GWh each of biomethane in total per annum, enough to heat over 3,000 homes for a year in Ireland.  The new biomethane plants will help support the Irish Governments’ ambition to produce 5.7 TWh of indigenously produced biomethane by 2030, and the EU’s target to produce 35BCM in Europe by 2025.  The building and operation of the plants will be managed and overseen by a team led by James Manley, the company’s Country Manager for Ireland, who lives and works in County Cork.