Energos, which is gasification technology partner to BioGen Power and already had a 28 percent shareholding in the business, has released shares to the former BioGen Power owners as part of the reciprocal agreement.
This brings together a joint portfolio of six fully consented UK sites, with a total generating capacity of 60 MW and waste treatment capacity of 650,000 tonnes, plus additional sites in the development pipeline.
In addition, the seven previously developed Energos gasification from waste facilities across Northern Europe, have a combined operating experience of almost 500,000 hours over a 15-year period.
"The combined portfolio of development-ready sites and pipeline of opportunities --now under the control of Energos -- provides an exciting opportunity to deliver a UK network of small-scale advanced thermal conversion plants,” said Nick Dawber, Managing Director of Energos. “This offers commercial waste operators a proven, cost effective, environmentally friendly alternative to mass-burn incineration and landfill for their non-recyclable, non-hazardous waste streams."
He added: "This acquisition brings further specialist planning and waste contracting expertise into the organisation and adds to the strength of Energos. We look forward to starting to roll out the UK development portfolio in 2012.
“Our community-sized model of operation means that the renewable energy facilities can sit alongside businesses and supply them with heat. Financial viability is increased by our ability to utilise the full combined heat and power potential of waste and flexibility to process a mixed residual waste feed," Dawber said.
Energos expects to start construction on two of its six approved sites in 2012, with the remaining sites in the following two years.
The consented sites are at: Knowsley, Merseyside; Irvine, Scotland; Newport, South Wales; Barry, South Wales; Doncaster, Yorkshire; and Bradford, Yorkshire. BioGen Power has closed its Blackpool office, with staff relocating to Energos' headquarters in Warrington, Cheshire.
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