Deal Overview
The 9.75MWh plant employs 25 full-time operational staff and process approximately 100,000 tonnes of commercial and municipal Refuse Derived Fuel (“RDF”) per annum that would otherwise have been committed to landfill.
The project was delivered under a design and build contract with STC Power SRL (“STC Power”). A specialist in the construction of small-scale thermal energy plants, STC Power has delivered over 20 facilities across Europe since 2001.
Waste for the plant is supplied under a long-term supply agreement by Geminor UK Limited (“Geminor”), a leading exporter and supplier of RDF
across northern Europe. The supply contract with Geminor is underpinned by back to back arrangements with Panda Waste Management Ltd, which handles in excess of 500,000 tonnes of waste and RDF per annum across the UK and Ireland.
Investment Name | Bridgwater Resource Recovery Limited |
Location | Bridgwater, Somerset |
Deal Closed | November 2018 |
Technology | Energy from Waste |
Carbon Savings | N/A |
Iona Capital Ltd.
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