Wheelabrator achieves financial close on Welsh waste-fired CHP
Wheelabrator Technologies has announced that it has achieved financial close on Wheelabrator Parc Adfer, a new 200 000 tonnes per annum energy-from-waste (EfW) facility on the Deeside Industrial Park in Flintshire, North Wales. Parc Adfer is Wheelabrator’s third energy recovery facility in the UK, which in total represents over 1.3 million tonnes of residual waste treatment capacity.
US-headed Wheelabrator Technologies has announced that it has reached financial close on Parc Adfer, a new 200 000 tonnes per annum energy-from-waste (EfW) facility on Deeside Industrial Park in Flintshire, North Wales, UK. Parc Adfer is Wheelabrator’s third energy recovery facility in the UK, which in total represents over 1.3 million tonnes of residual waste treatment capacity.
– To achieve financial close is a significant milestone and I’m extremely proud of our team for making this possible. This is the result of six years of hard work and negotiations, and I’m excited to welcome our third UK facility to our global fleet, said Robert Boucher President and CEO of Wheelabrator in a statement.
Wheelabrator Parc Adfer will be a combined heat and power (CHP) enabled facility which will generate 16.6 MW (net) of electricity and will also be capable of providing valuable steam or heat to local industry and housing.
Progress to reach close on this £180 million (≈ EUR 210 million) financing follows the award of planning consent by Flintshire County Council’s Planning and Development Control Committee in May 2015 and an Environmental Permit by Natural Resources Wales.
In 2014, Wheelabrator was selected as preferred bidder to build and operate the facility over the next 25 years as a public-private partnership (PPP), with support from the Welsh Government to serve the five local authorities that make up the North Wales Residual Waste Treatment Project (NWRWTP) – Conwy County Borough Council, Denbighshire County Council, Flintshire County Council, Gwynedd Council and the Isle of Anglesey County Council.
Residual waste fuel for the facility will be provided primarily by the five authorities, which initiated the procurement to achieve long-term targets for recycling and diversion of waste from landfill. A further long-term contract is in place with a top tier waste management company, ensuring that over 70 percent of the facility’s fuel supply is hedged at fixed prices. The remaining capacity at the facility will be offered to commercial waste collection companies.
According to Wheelabrator, site preparation work will start immediately and full construction of the facility is set to commence in January 2017 with plant operations expected to commence in 2019.
– The Parc Adfer facility is an example of our ongoing commitment to investing in new and necessary energy recovery infrastructure across the UK. We remain focused on developing our pipeline for growth and building long-lasting relationships with the five North Wales authorities and commercial waste companies across the UK. We’re committed to bringing our experience and industry expertise to Wheelabrator Parc Adfer and delivering a facility of the highest safety and operational performance standards, said Paul Green Managing Director of Wheelbrator UK.