UK green bank commits £33m to waste-to-energy plant
UK Green Investment Bank support new site in Allerton, Yorkshire that will produce around 200 GWh of electricity from a waste-to-energy plant and 8GWh of power from an anaerobic digestor
The UK Green Investment Bank (GIB) has committed over £33 million towards a new waste treatment and recycling plant in North Yorkshire.
The facility will be built at a landfill and quarry site in Allerton, between Harrogate and York, and the estimated cost is around £320 million.
The move is the latest deal for the GIB which has invested over £5 billion since it was founded two years ago.
The banks key focus areas are offshore wind, energy efficiency, and waste projects.
The plant is expected to process approximately 320,000 tonnes of waste annually.
Estimates also suggest that the plant will divert more than seven million tonnes of waste from landfill in its lifetime and will recover over 1.5 million tonnes of recyclable materials.
It will process residual waste from North Yorkshire County Council and the City of York, and will have spare capacity to deal with shipped-in commercial and industrial waste.
The facility is expected to produce in the region of 200 GWh of electricity from an waste-to-energy plant and a further 8GWh of power from an anaerobic digestor that will process food waste.
Shaun Kingsbury, chief executive at the GIB, said: "GIB is proud of its track record supporting innovation in the waste and recycling sector and particularly pleased that this impressive facility is the first to feature the full complement of waste treatments and new technologies."