Business news

Almac Group plans to cut emissions with electricity from Tyrone wind farm

Posted By:
Almac Group

18th Jul 2024

Almac Group is now sourcing electricity from a newly constructed wind farm in Co Tyrone, the pharma firm has announced.

The company, which is based in Craigavon, has said the Murley wind farm will help it cut emissions from electricity consumed at its HQ by over 95%.

Almac has entered into a 15-year virtual power purchase agreement for generation from the site.

Executive director Niall Harkin said: “We are delighted that this project is now operational and that our Craigavon site is now being powered with fully certified electricity from renewable energy.

“This project is a crucial step on our journey to net zero and will significantly reduce carbon emissions from the electricity we consume.

“I am hugely encouraged by the progress that we are making on our climate journey and proud to mark this significant milestone we announce today.”

Almac’s Craigavon site currently employs over 4,000 of Almac’s 7,000 global workforce, supporting pharma and biotech companies in their drug development processes.

Murley, owned by NTR Renewable Energy Income Fund II, is a 21.6MW wind farm with six turbines.

Almac Group revenue in 2023 increased by 14% on 2022’s figure of £840m, with the business posting sales of £958m in the year to September 2023.

Its financial results also revealed a rise in operating profit, with final pre-tax profits recorded at £93.8m, down 3.3% on the previous year’s figure of £97m due to a significant exchange rate adjustment.