Nexterra consortium reaches financial close on CDN$105 million UK gasification plant
In April 2015, Nexterra Systems Corp., one of British Columbia’s leading clean technology companies, and its partners achieved a major milestone by reaching financial close on the Welland Waste Wood Power Plant, a CDN$105 million renewable power plant in the United Kingdom. With assistance from B.C.’s Trade and Investment Representative teams, Nexterra has been expanding to take on major projects in the United Kingdom.
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Nexterra Systems Corp. is a global leader in the development and supply of advanced energy-from-waste gasification systems that convert non-recyclable organic waste into clean, renewable heat and power. Nexterra has delivered systems for five projects in North America, and is currently supplying two projects in the United Kingdom.
Nexterra was part of a consortium that developed and financed, the Welland Waste Wood Power Plant in Northamptonshire, which will use Nexterra gasification technology to generate renewable power from local, non-recyclable waste wood. Nexterra will design and supply the complete biomass gasification-to-steam generation system from feedstock handling to emission controls, including four gasifiers, a high pressure boiler, and a flue gas treatment system.
Once the project is completed in 2017, it will divert 60,000 tonnes of locally sourced, dry waste wood from landfill to generate nine megawatts of net electricity. Sold to the national grid, the electricity will power more than 17,000 UK households a year and save 28,000 tonnes of CO2 per year. The Nexterra system qualifies as an Advanced Conversion Technology (ACT) under UK legislation, meaning that the power generated by the project will receive the highest pricing level under the UK’s renewable energy credits system (Renewable Obligation Certificates, or ROCs).
Laurie Tugman, chairman of Nexterra said, “The Welland project is one of a pipeline of similar opportunities that we are developing with BBI (Balfour Beatty Investments). With this second project, Nexterra and BBI have established themselves as leaders in the UK waste-to-energy sector. Nexterra also continues to develop projects outside the UK including in North America.”
The British Columbia Ministry of International Trade’s Europe Trade and Investment Representative team in London assisted Nexterra with fuel supply, policy, and financing issues.
The EU Trade and Investment Representative Office also supported the company in its first UK installation in Birmingham, working through policy and regulatory issues, exploring potential avenues of partnerships, and facilitating connections with UK agencies.
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