Infrastructure investors Equitix and Iona Capital have acquired a £72 million energy from waste (efw) facility in Bridgwater, Somerset.
The 7.75MW facility will process 100,000 tonnes of commercial and municipal refuse derived fuel (RDF) per annum, which would otherwise have been destined for landfill. Construction will commence in Q1 2019 and the facility will begin commercial operation in 2021.
The project will be delivered under a turnkey design and build contract with STC Power. Pinnacle Power has been appointed as operations and maintenance contractor. Waste will be supplied by Geminor UK under a long-term waste supply contract.
Geoff Jackson, chief executive of Equitix, said: “This is a sector that we see huge opportunities in and are very excited to be working with our partners, Iona Capital, in developing this top-quality, high-impact facility.”