Contact the Capital Investment team for more details about this opportunity

Opportunity CoGen energy from waste facility Scotland

CoGen is offering an investment opportunity in North Lanarkshire, Scotland to develop a 190 million GBP energy from waste production facility.

This project benefits from a long-term contracted revenue stream with strong investment returns.

CoGen is seeking a variety of investor involvement which includes equity investment, blended debt and equity, or co-investment.

This facility is part of a range of energy to waste projects being developed by CoGen, leading to potential wider funding opportunities.

Contact the Capital Investment team for more details about this opportunity.

Artist's impression of Cogen energy waste facility
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Location

North Lanarkshire, Scotland

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Project promoter

CoGen Ltd

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Scale

£190 million capex

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Sector

Energy from waste

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Investment type

Equity or combined debt and equity

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Planning status

Full planning permission granted

Project background

This investment project will develop and operate a 24 megawatt energy from waste facility in North Lanarkshire, Scotland. The facility will use proven technology to process and convert waste to generate electricity. Electricity generated by the facility will be sold by the investor back into the UK electricity grid under a long-term power purchase agreement with a credible business partner or counterparty.

About the project

The project’s income is underpinned by long term contractual arrangements. Fuel supply arrangements are being secured with a 15 year supplier contract.

This includes an agreed volume, specification and delivery schedule. In addition to this, the project benefits from its:

  • tried and tested technology, which reduces risk each selection has been successfully deployed in various energy from waste facilities around the world
  • development contractor, who will be selected to build the facility for a fixed price and within a specific timeframe. The contractor will also provide appropriate construction guarantees
  • contract with an operator to ensure the facility continues to perform to specification, with appropriate performance guarantees also provided
  • grid connection agreement in place which means electricity generated by the facility can be sold or exported
  • 25 year lease signed for the site’s facility by CoGen
  • full planning permission granted to build the facility

An independent technical feasibility assessment has also been undertaken. This confirms the project has been designed and scoped appropriately to attract the required level of investment.

Project promoter and partnerships

CoGen develops, constructs, manages and owns advanced technology gasification projects which use waste and biomass fuels to power them.

There are 4 energy from waste projects currently operating in the UK by CoGen.

These have a total capital expenditure of 250 million GBP and an export capacity of approximately 45 megawatts of power.

The company has a large portfolio of projects in development. CoGen aims to be recognised as a leading developer of energy from waste projects in Europe.

To invest in the UK, get in touch with our team.

Find out more about CoGen.