DIF Capital Partners has increased its stake in the Dublin Waste to Energy public-private partnership project.

DIF, which made its initial investment in May 2019 via its DIF Infrastructure V fund, said it has bought an additional 10% stake in the project.

DIF in partnership with MEAG acquired the stake from the Green Investment Group and the pair now hold 50% of the project, with DIF holding a majority stake in the partnership.

The project, located in Poolbeg, Dublin Port, is an operational waste to energy facility supported by a 45-year contract with Dublin City Council.

The project benefits from the Irish renewable energy feed-in tariff.

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