Viridor Secures £2bn Contract for Tees Valley Energy-from-Waste Facility

Viridor and Tees Valley Energy Recovery Limited (TVERL) have reached financial close on the Tees Valley Energy Recovery Facility (TVERF).

The agreement is valued at £2 billion (US$2.7 billion) over 29 years, with the facility scheduled to become operational by 2030. Structured as a PPP infrastructure project, it involves seven participating councils: Darlington, Durham, Hartlepool, Middlesbrough, Newcastle, Redcar & Cleveland, and Stockton-on-Tees. Each of these local authorities holds representation on the board of the Special Purpose Vehicle (SPV), TVERL. The two-line facility will be capable of processing approximately 450,000 tonnes of residual waste annually and will generate up to 49.9 MW of baseload electricity for the local grid. 

Construction is set to commence later this year on industrial land at Teesworks, with Kanadevia Inova appointed as the Engineering, Procurement and Construction (EPC) contractor. The Swiss energy-from-waste specialist has a proven track record of collaboration with Viridor, having previously partnered on multiple projects, including the Thameside Energy Recovery Facility and the Westfield Energy Recovery Facility. Development of the TVERF will take Viridor’s EfW fleet to 13 facilities across England, Scotland and Wales.