Octopus Renewables funds acquire 17-MW waste-to-energy project in Scotland

Funds managed by Octopus Renewables have acquired a 17-MW waste-to-energy project in Scotland from Low Carbon and Waste Energy Power Partners (WEPP), the companies announced today.

The funds have purchased Doveryard Ltd, with the deal to lead to the construction of the waste-to-energy facility on Oldhall Industrial Estate in Irvine, Ayrshire.

According to the announcement, the net 17-MWe Oldhall Energy Recovery plant will be the first large-scale, subsidy free waste-to-energy project in western Scotland.

The facility, which has been three years in development, will process more than 185,600 tonnes of non-recyclable household and commercial and industrial waste per year. It has long-term feedstock contracts with Enva and Geminor.

STC Power Srl will be the engineering, procurement and construction (EPC) contractor, while Standardkessel Baumgarte will deliver the main “chute to stack” technology.

The plant will be capable of powering 30,000 homes.

In the longer term the project will aim to provide steam and heat to local businesses, especially the future i3 business park development.

Peter Dias, investment director at Octopus Renewables, said the project will support Scotland’s target to ban landfill by 2025 and demonstrate the potential of waste-to-energy in the UK’s diversified energy mix.

Choose your newsletter by Renewables Now. Join for free!