SSE Thermal sells 50% stake in Slough Multifuel project
SSE Thermal has agreed to sell a 50% stake in its Slough Multifuel project to Copenhagen Infrastructure III K/S, a fund managed by Copenhagen Infrastructure Partners (CIP).
The 50 MW energy-from-waste facility, which will utilise various sources of municipal solid waste, commercial and industrial waste and waste wood, will now be developed as a joint venture between the two companies.
SSE Thermal holds existing planning permission for the facility, which will be built in Slough, Berkshire, and has been carrying out site preparation works for the construction project since 2018. Once operational, Slough Multifuel will be capable of handling around 450,000 tonnes of waste-derived fuels annually, helping to divert waste from landfill.
Hitachi Zosen Inova, an energy-from-waste specialist, has been appointed as the project’s EPC contractor. Consultation is expected to begin at the start of 2021 and take up to four years. Once the plant is up and running, it will be operated by SSE Thermal.
“We are pleased to confirm the sale of a 50% stake in our Slough Multifuel project to CIP, bringing an experienced partner on board and delivering value for our shareholders,” said Stephen Wheeler, managing director of SSE Thermal.
“When completed, Slough Multifuel will play a key role in the UK’s sustainable waste management, diverting thousands of tonnes of waste away from landfill and instead converting it into a valuable source of energy.”
Christina Grumstrup Sørensen, senior partner at CIP, added: “We are excited to be involved in the Slough Multifuel project. The continued partnership with SSE is highly regarded. We look forward to utilising our unique competences in sustainable investment delivery, and to working with local and leading partners in delivering a modern waste management facility to the highest standards.”
The 50 MW energy-from-waste facility, which will utilise various sources of municipal solid waste, commercial and industrial waste and waste wood, will now be developed as a joint venture between the two companies.
SSE Thermal holds existing planning permission for the facility, which will be built in Slough, Berkshire, and has been carrying out site preparation works for the construction project since 2018. Once operational, Slough Multifuel will be capable of handling around 450,000 tonnes of waste-derived fuels annually, helping to divert waste from landfill.
Hitachi Zosen Inova, an energy-from-waste specialist, has been appointed as the project’s EPC contractor. Consultation is expected to begin at the start of 2021 and take up to four years. Once the plant is up and running, it will be operated by SSE Thermal.
“We are pleased to confirm the sale of a 50% stake in our Slough Multifuel project to CIP, bringing an experienced partner on board and delivering value for our shareholders,” said Stephen Wheeler, managing director of SSE Thermal.
“When completed, Slough Multifuel will play a key role in the UK’s sustainable waste management, diverting thousands of tonnes of waste away from landfill and instead converting it into a valuable source of energy.”
Christina Grumstrup Sørensen, senior partner at CIP, added: “We are excited to be involved in the Slough Multifuel project. The continued partnership with SSE is highly regarded. We look forward to utilising our unique competences in sustainable investment delivery, and to working with local and leading partners in delivering a modern waste management facility to the highest standards.”
