Energy
State fund to kickstart €1bn biomethane sector
ISIF to pump €200 million into farm-based alternative to fossil gas, which supplies more than a fifth of renewable energy in other EU states
The Ireland Strategic Investment Fund (ISIF) is planning to invest up to €200 million over the next decade to help support the development of a new €1 billion biomethane industry, the head of the sovereign wealth fund has said.
Nick Ashmore, director of ISIF, said the fund had a broad investment mandate that needed to make a return, but that it was also very focused on investing in areas such as climate solutions and decarbonisation.