The planned facility, which has been in development for 3 years, will export 17 megawatts of low-carbon electricity, enough to power 30,000 homes with the capacity to supply high-quality heat and steam to high-energy businesses. added value nearby.
This facility will be the first large-scale, subsidy-free waste-to-energy project in the West of Scotland, bringing with it Best Available Technology (BAT), an EPC contractor with over 40 years’ experience and a leading investor in renewable energy.
The project will also benefit from long-term feedstock agreements signed with Enva and Geminor to supply the plant with most of the required 185,600 tonnes per year. These experienced suppliers will benefit from the project and provide an advanced residual waste solution to the local region.
North Ayrshire Council has remained very supportive of the project since its inception and the project partners look forward to a long and fruitful relationship. The longer-term ambition of the project is to provide high-quality steam and heat to local businesses, including the future development of the i3 business park, and to help the council meet its low-emissions targets. of carbon.
The project and land agreements were advised by Ashurst LLP and TLT LLP respectively, and all technical aspects of the project transaction were handled by Fichtner Consulting Engineers.
“We are delighted to have reached this milestone with our development partner, WEPP, and to have completed our first transaction with Octopus Renewables,” said Dominic Noel Johnson, Chief Investment Officer at Low Carbon. “This project is a great example of how to develop and structure entirely new projects in new markets with new partners. We are grateful to continue to play our part in a low carbon energy future for Scotland and look forward to seeing this project enter its next stage of development and the benefits it will bring to the local community.
Mark Denham, CEO of Waste Energy Power Partners, added that what makes this project unique is the real impact it will have in the region – its ability to power thousands of homes, divert waste that would otherwise be exported or sent to landfill and the economic impact on jobs and local businesses of this important investment.
“We hope this will provide a model for similar projects in the future across the UK, as it is only by bringing together the right partners to work together and share their expertise that it has been possible for us to get this development off the ground”
For more information :
Waste Energy Power Partners (WEPP)
octopus renewable energy