UK Green Investment Bank plc (GIB) has committed £35m of senior debt to the construction of Wheelabrator Parc Adfer, a new £180m energy-from-waste (EfW) plant at Deeside Industrial Park in Flintshire, North Wales.
The lending club also includes Mitsubishi UFJ Financial Group (MUFG), Siemens Bank and Natixis, with Barclays providing an equity bridging loan.
The 18.8 MW facility, which has been developed by Wheelabrator Technologies Inc (WTI), is expected to prevent up to 200,000 tonnes of non-recyclable waste being sent to landfill every year.
The plant is forecast to generate approximately 133 GWh of electricity annually once operational – equivalent to the power needs of over 30,000 homes.
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