ACCIONA, a global leader in sustainable infrastructure solutions, has acquired 100% ownership of the Kwinana waste-to-energy project in Australia, in an agreement reached with Macquarie Capital and Dutch Infrastructure Fund.
ACCIONA said its investment provides certainty for the ongoing construction and future operation of the facility, its workers, and the local community.
As the owner of the Kwinana waste-to-energy project, ACCIONA said it is ideally placed to achieve completion and the successful operation of this facility that it intends to deliver critical waste management infrastructure and sustainable energy to Western Australia.
The facility is on track to be operational in the last quarter of 2024 when it will divert up to 460,000 tonnes of waste per annum from landfill and deliver 38 megawatts of baseload power to the Western Power grid, sufficient to power more than 50,000 households.
ACCIONA Australia's chief executive officer Bede Noonan said: "ACCIONA is delighted to be playing such an important role in the delivery of Australia’s first waste-to-energy facility – a vital asset that will deliver critical waste management infrastructure and sustainable energy to Western Australia.
"ACCIONA is pleased that our investment has secured the future of this project and provided certainty to the local community and the workers who are either directly or indirectly employed by the project.
"This investment further supports our long-term commitment to Western Australia through the development of key sustainable infrastructure solutions including the Mundaring water treatment plant, the New Bayswater Station, and the Bunbury Outer Ring Road."
ACCIONA acquires Kwinana waste-to-energy facility
