Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

EfW facility in Somerset to be built for £72m

Two investment firms, Equitix and Iona Capital, have teamed up to back an energy-from-waste (EfW) facility in Bridgewater, Somerset.

The £72m plant will be built under a contract with STC Power SRL, and it will be operated and maintained by Pinnacle Power.

It will deliver 7.75MW of energy and process around 100,000 tonnes of refuse-derived fuel made from commercial and municipal waste supplied by Geminor.

Construction is due to start in early 2019 and become operational in 2021.

Geoff Jackson, chief executive of Equitix, said he saw “huge opportunities” in the EfW sector: “This new project marks the latest addition to our growing waste portfolio.”

Nick Ross, director and co-founder of Iona Capital, said: “We are very pleased to partner Equitix in the financing of the Bridgwater project which is the first of a number of planned investments in the EfW sector.”

Equitix was one of a number of investors that expressed interest in buying Cory Riverside Energy.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.