The consortium developing the East Rockingham Resource Recovery Facility has today announced the successful financial close of its Energy-from-Waste (EfW) project in Western Australia. SUEZ’s role as waste management partner extends across multiple aspects of the project, including operations & maintenance of the facility, as well as long term waste supply.
Mark Venhoek, SUEZ Australia & New Zealand CEO, said the project demonstrates SUEZ’s commitment to develop EfW in Australia while growing a global portfolio of 55 EfW facilities.
“The project is SUEZ’s first Energy-from-Waste development in Australia and we are very pleased to become a partner in this landmark transaction. Energy-from-Waste is currently the missing link in Australia’s waste management hierarchy and will play a key role as we move towards a circular economy. The project will significantly accelerate the improvement of waste treatment practices in the Perth region as well as reducing their environmental footprint.”
SUEZ’s role in the consortium extends across multiple aspects of the project, combining SUEZ’s international EfW experience with its market-leading network of assets and infrastructure in Metropolitan Perth:
The announcement is a significant milestone in the development of EfW in Australia with financing of the [$511m] project supported by an $18m grant from ARENA and [$57.5m] subordinated debt from the CEFC, alongside a mix of Australian and International lenders. Equity investors include John Laing, HZI and ACCIONA.
The new facility, to be located in the Rockingham Industry Zone 40 kilometres south of Perth, will treat approximately 300,000 tonnes per year of residual waste from municipal, commercial and industrial sources. The EfW facility will generate approximately [29MW] of reliable renewable energy, enough to power over [36,000] homes.
The start of construction activities is planned to take place at the beginning of 2020, with the plant expected to be in full operation by the end of 2022.