Covanta assumes operations of two Florida energy-from-waste plants

Plastic waste. Source: Neste

September 19 (Renewables Now) – Covanta Holding Corp (NYSE:CVA) announced Tuesday that it has closed the acquisition of a subsidiary of Babcock & Wilcox Enterprises Inc (NYSE:BW) that provides operating and maintenance (O&M) services for two energy-from-waste (EfW) facilities in Florida.

The facilities are owned by the Solid Waste Authority (SWA) of Palm Beach County, Florida and are able to process 1.7 million tonnes of municipal solid waste per year.

The transaction has a total value of USD 45 million (EUR 38.5 million) and Covanta expects it to bring incremental annual revenue of around USD 60 million.

Covanta now operates eight EfW facilities in Florida with a combined waste disposal capacity of 5.3 million tonnes per year.

(EUR 1.0 = USD 1.170)

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