Acciona buys 38-MW Aussie waste-to-energy project from Macquarie, DIF

Spanish renewables company Acciona Energia (BME:ANE) has purchased a 38-MW waste-to-energy plant currently being built in Kwinana, Western Australia, from Macquarie Capital and Dutch Infrastructure Fund (DIF).

The Spanish group did not disclose the value of the deal in its press statement on Monday.

The Kwinana complex will be designed to convert up to 460,000 tonnes of waste from landfills each year to produce electricity equal to the demand of more than 50,000 homes. It will start delivering baseload power to the Western Power grid in the last quarter of this year.

Touted as Australia’s first utility-scale waste-to-energy facility, the plant will help offset over 400,000 tonnes of carbon dioxide (CO2) emissions per year. It will have an operational lifetime of 25 years, diverting roughly 25% of Perth’s post-recycling solid waste from landfill sites.

The AUD-696-million (USD 458.8m/EUR 420.6m) project is being realised with AUD 23 million from the Australian Renewable Energy Agency (ARENA).

(AUD 1.0 = USD 0.659/EUR 0.604)

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