Equitix and Iona Capital to co-fund EfW project

Equitix, the specialist environmental investment and fund management firm, has announced the financing a new £72 million Energy from Waste (EfW) facility in Bridgwater, Somerset.  

The 7.75MW Resource Recovery facility will employ up to 25 full-time operational staff and process approximately 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 SRL, a specialist in the supply of small-scale thermal energy plants having delivered 20 facilities since 2001. Pinnacle Power Limited has been appointed as the Operations and Maintenance Contractor. Pinnacle Power is part of the Pinnacle Group and is a provider of construction and operations services for district heat and power projects in the UK. Waste will be supplied by Geminor UK Limited, a exporter and supply of Refuse Derived Fuel (RDF), under a long-term waste supply contract.