Backing for landfill power project
A PARTNERSHIP has secured financial backing to produce energy for 2,000 homes from a landfill site.
Tony and Gill Eyers have invested in machinery that converts methane gas to electricity at the site in Alne, near York.
Santander Corporate Banking has backed the idea with a £1.5m finance deal.
Mr Eyers said: “As former owners of the landfill site, we knew we needed to look at ways of diversifying our business following changes to Government legislation. We always knew there was more that we could do and we were excited about the prospect of harnessing some of the waste energy produced by the site.
“This new venture has been a real opportunity to use innovative technology to help both the environment and the local community. It’s been great to work with a bank that really took the time to understand our vision and see the potential in our ambitions.”
The scheme should be able to provide electricity for the next 20 years.
Andy Bowden, relationship director for Santander Corporate Banking, said: “We are thrilled to have been able to support Tony and Gill with this new venture. This is a really exciting way to put the waste produced by society back to good use, not only helping to cut emissions but also providing a unique source of alternative power to local homes – something that can only benefit the community as power companies increasingly look for alternative power supplies.
“Santander is committed to supporting strong, innovative companies to help them realise their potential. The way that the Walled Garden Partnership has seized this opportunity is a great example of this.”
