Equitix acquires Fife EfW plant

WERL is the owner of the 240,000 tonne Westfield energy from waste (EfW) plant in Fife, Scotland.

The facility is currently under construction which started last summer after the company named Hitachi Zosen Inova as its preferred bidder (see letsrecycle.com story).

It is planned to be operational in 2024, generating over 23 MW of electricity.

Regeneration

Brockwell Energy added that it will be working with Equitix under a long-term management services agreement to manage the construction through commissioning into the operations stage of the plant.

Additionally, it pledged to collaborate with Hargreaves Land Limited to identify new tenants to the wider site, offering “below-market rates for heat and power” from the EfW plant.

Alex Lambie, chief executive of Brockwell Energy, commented: “We are delighted to complete this transaction and place WERL in the very reputable hands of Equitix. The sale reflects the high quality and value of the project developed by Brockwell Energy.

“The proceeds will be reinvested to further expand our other energy development projects, all of which are contributing to achieving important climate change goals.”

Equitix CEO Hugh Crossley added: “We are delighted to complete the acquisition of the Westfield facility, which helps support our strategic ambitions of a net zero carbon future.

“We are excited by the opportunities that the facility brings, to act as a catalyst for regeneration of one of the largest derelict former coal mining sites in Central Scotland, whilst helping the local community benefit from the jobs and opportunities this presents.”