Low Carbon & Waste Energy Power Partners to sell Doveryard Limited to Octopus Renewables for construction of waste to energy project

Low Carbon and Waste Energy Power Partners (WEPP) have announced the sale of Doveryard Limited to funds managed by Octopus Renewables, which will see the construction of the Waste-to-Energy facility on the Oldhall Industrial Estate in Irvine, Ayrshire.
Low Carbon & Waste Energy Power Partners to sell Doveryard Limited to Octopus Renewables for construction of waste to energy project
Courtesy of NREL.

The planned facility, which has been in development for the last 3 years, will export 17 megawatts of low carbon electricity, enough to power 30,000 homes with the ability to provide high quality heat and steam to nearby high value businesses.

This facility will be the first large-scale, subsidy free waste-to-energy project in western Scotland, bringing with it best available technology (BAT), an EPC contractor with over 40-year experience and a leading renewables investor.

The project will also benefit from long term feedstock agreements signed with both Enva and Geminor to supply the plant with the bulk of the 185,600 tonnes required per annum. These experienced suppliers will benefit the project and deliver an advanced residual waste solution to the local region.

North Ayrshire Council have remained very supportive of the project since inception and the project partners look forward to a long and fruitful relationship. The longer-term ambition of the project is to provide high quality steam and heat to local businesses, most notably the forthcoming i3 business park development, and support the council in achieving its low carbon objectives.

The project and land agreements were advised on by Ashurst LLP and TLT LLP respectively, and all technical aspects of the project transaction were supported by Fichtner Consulting Engineers.

“We are delighted to have reached this milestone with our development partner, WEPP, and to have completed our first transaction with Octopus Renewables” said Dominic Noel Johnson, Investment Director at Low Carbon. “This project is an excellent example of how to develop and structure greenfield projects from scratch in new markets with new partners. We are grateful to continue to play our part in a low carbon energy future for Scotland and look forward to seeing this project enter its next stage of development and the benefits it will bring to the local community.”

Mark Denham, CEO of Waste Energy Power Partners, added that what makes this project unique is the real impact it will have in the local area – its capacity to power thousands of homes, divert waste that would otherwise be exported or sent to landfill and the economic benefits on local employment and business from this significant investment.

“We hope that this will provide a blueprint for similar projects in the future across the UK, as it is only by bringing together the right partners to work together and share expertise that it has been possible for us to get this development off the ground”

For additional information:

Low Carbon

Waste Energy Power Partners (WEPP)

Octopus Renewables

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