Business

Co Down firm Green Energy Engineering look to expand with fresh finance

Green Energy Engineering's general manager, Diane Morrow (right), pictured with Diane McCall and George Higginson from Bank of Ireland UK.
Green Energy Engineering's general manager, Diane Morrow (right), pictured with Diane McCall and George Higginson from Bank of Ireland UK. Green Energy Engineering's general manager, Diane Morrow (right), pictured with Diane McCall and George Higginson from Bank of Ireland UK.

CO Down firm Green Energy Engineering has announced a fresh finance package with the Bank of Ireland as it looks to expand its business across the Irish Sea.

The Dromore company said the £500,000 finance deal will support a number of public sector contracts it has secured in Britain to de-carbonise schools and universities.

Green Energy Engineering incorporates two divisions: A renewables arm, which supports businesses improve the way they generate heat and power and reduce their carbon footprint; and its precision engineering division, which designs and manufactures bespoke components for the aerospace and medical industries.

The firm’s managing director, Jeff Lyttle, said: “This is a significant funding package from Bank of Ireland UK that enables us to secure and deliver four large school projects in GB and target further growth based on our expertise, experience and by delivering results.

“We’re committed to delivering even more impactful renewable energy projects and to accelerate our mission to promote sustainable development and create a greener future.”

He said the company plans to develop its renewable energy division across private and public sectors and further expand its operations particularly in Britain, and to meet growing demand in the Republic and the north’s commercial domestic market.

Diane McCall, senior business manager at Bank of Ireland UK, said: “With net zero targets in place, coupled with high energy costs, the renewable energy sector has become increasingly important to our economy, fulfilling our nation’s obligations to net zero.

“We’re delighted to support Green Energy Engineering to expand their business and enable them to secure and deliver increasingly ambitious renewable energy projects on a growing scale.”