Kibo acquires waste-to-energy project in the UK
In the U.K., renewable energy firm Kibo has signed a definitive share purchase agreement to acquire a 100% interest in a waste-to-energy project.
Southport, an Anaerobic Digestor (AD) and power plant at Mersey Side in the UK, comprises an 80,000 ton waste-reception center, with AD technology that is set to produce 5.5 million m3 of bio-methane per annum with a 10 MW installed CHP plant plus planned 2MW battery storage.
Louis Coetzee, CEO of Kibo Energy, said: “We believe this opportunity supports our strategic intent to significantly advance and accelerate the development of the company’s renewable energy portfolio in the United Kingdom. The project further deliberately and actively drives Kibo’s transition from fossil fuel-based energy solutions to sustainable renewable energy solutions and will now bring our waste-to-energy portfolio to an aggregate of c.140,000 MWh per annum, with this entire capacity expected to go into production over the next 12 to 18 months.”
Category: Fuels
