Waste & Bioenergy

Tay Waste Water Treatment

The Tay Wastewater Treatment project services the equivalent of around 250,000 people from the Dundee and Arbroath areas. The PFI project reached financial close in 1999 and full operations commenced in November 2001. It comprises 35km of sewer network main and seven pumping stations each with storm overflow storage facilities. The site produces revenues through an index-linked service fee based on the volume of wastewater treated. The tariff per cubic metre is split into three bands depending on the volume.

Daily O&M Services for the plant are undertaken by Veolia Water Operational Services (Tay) Limited. Sludge disposal is carried out by James McCaig Farms.

Bio Collectors

Bio Collectors Holdings Limited, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (“AD”) plant and the Bio Collectors waste collections business.

The plant is based in Merton, London. The AD plant was commissioned in December 2013 and has a current thermal capacity of c.10MWth, a waste processing capacity of up to 100,000tpa and predominantly produces biomethane to be injected to the national gas grid. In addition, the plant has 1.7MWe of capacity through two CHP engines and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes.

The Bio Collectors waste collections business collects source-separated and packaged food waste for the AD plant from a variety of commercial, industrial and local authorities located in and around Greater London utilising an increasing biogas-powered fleet.

Codford Biogas

FGEN acquired a 100% equity stake in Codford Biogas Limited (“CBL”) in February 2021. CBL holds the rights and operational assets that make up the Codford anaerobic digestion (“AD”) plant, a 100,000 tonnes per annum food waste permitted plant based in Wiltshire, UK.

The Codford AD plant has been operational since 2014.

The plant has a current electrical capacity of 3.8MWe which is generated by processing up to 100,000 tonnes per annum of both liquid and solid food waste from the commercial and industrial sector.

As a result of its electricity generation, the plant is able to supply up to 4,000 homes via the UK power grid.  In addition to the core electricity export, the plant is accredited under the Feed-in-Tariff (FiT) and the Renewable Heat Incentive (RHI) schemes.

The plant is an excellent example of an AD operation that is well integrated into modern farming systems. It supplies c. 80,000 tonnes per annum of nutrient rich, PAS110 digestate biofertilizer to the surrounding farms and as a result reduces their use of carbon-intensive synthetic fertilisers by 70-80%.

Cramlington Renewable Energy Developments

In June 2021, FGEN acquired a 100% equity stake in Cramlington Renewable Energy Developments Ltd (“CRED”), which owns a Biomass Combined Heat and Power plant (“CHP Plant”) and its underlying contracts. The acquisition of CRED, represents FGEN's first investment into a large-scale biomass CHP Plant.

The CHP Plant is located to the north west of the town of Cramlington in Northumberland and utilises proven technology to process a diversified biomass fuel mix, creating up to 26MW of electrical power and 6MW of heat for export via private wire to industrial customers and the grid.

The CHP Plant has been fully operational since 2018 and earns revenues from: (i) the subsidy regimes of Renewable Obligations Certificates and Renewable Heat Incentive; (ii) the sale of electricity to the market; and (iii) the sale of heat and power via private wire to industrial customers.  In aggregate, c. 66% of CRED’s revenues are backed by long-term subsidies and an additional c. 10% via long-term contracts.

East London Waste Authority

The ELWA project processes around 430,000 tonnes of household waste each year from the four London boroughs of Redbridge, Barking and Dagenham, Havering and Newham. Financial close of the PFI project was achieved in December 2002 and the sites became operational in 2006 and 2007. The project includes two mechanical biological treatment facilities at Frog Island in Havering and Jenkins Land in Newham plus four reuse and recycling centres. The site produces revenues based on volume (with a contractual floor) and fixed price bands indexed by inflation.

All O&M Services, including lifecycle replacement are subcontracted to Shanks Waste Management. Managed services are provided by Shanks other than finance and accounting which has been subcontracted to HCP Management Limited.

Energie Tecnologie Ambiente ("ETA")

ETA is a 16.8MW energy-from-waste (“EfW”) power plant (“the EfW Plant”) which processes Refuse Derived Fuel, located in the municipality of Manfredonia in the Apulia region of southern Italy. The €26.75m investment was made alongside Foresight Energy Infrastructure Partners SCSp (“FEIP”), which will also acquire a 45% equity stake. ETA was previously owned by Marcegaglia Investments S.r.l. and they have retained a 10% equity stake in the EfW Plant.

The EfW Plant, which utilises proven technology, has been fully operational since 2012 and earns revenues from: (i) gate fees paid by RDF suppliers to ETA; (ii) incentives related to producing electricity from renewable energy; and (iii) the sale of electricity to the market. In aggregate, c. 74% of ETA’s revenues are considered to be backed by long-term contracts or subsidies.

Tay Waste Water Treatment

The Tay Wastewater Treatment project services the equivalent of around 250,000 people from the Dundee and Arbroath areas. The PFI project reached financial close in 1999 and full operations commenced in November 2001. It comprises 35km of sewer network main and seven pumping stations each with storm overflow storage facilities. The site produces revenues through an index-linked service fee based on the volume of wastewater treated. The tariff per cubic metre is split into three bands depending on the volume.

Daily O&M Services for the plant are undertaken by Veolia Water Operational Services (Tay) Limited. Sludge disposal is carried out by James McCaig Farms.