Energos strengthens EfW reach with BioGen Power acquisition
Energy-from-waste specialist Energos Holdings has acquired BioGen Power through a share swap arrangement.
Energos is already a gasification technology partner to BioGen Power and had a 28% shareholding in the business. It has released shares to the former BioGen Power owners as part of the reciprocal agreement.
The deal brings together a joint portfolio of six fully consented UK sites, with a total generating capacity of 60MW and waste treatment capacity of 650,000 tonnes, plus additional sites in the development pipeline.
Energos' managing director Nick Dawber said: "The combined portfolio of development-ready sites and pipeline of opportunities provides an exciting opportunity to deliver a UK network of small-scale advanced thermal conversion plants."
He added: "This acquisition brings further specialist planning and waste contracting expertise into the organisation. We look forward to starting to roll out the UK development portfolio in 2012."
Energos expects to start construction on two of its six approved sites in 2012, with the remaining sites in the following two years. The consented sites are at: Knowsley, Merseyside; Irvine, Scotland; Newport, South Wales; Barry, South Wales; Doncaster, Yorkshire; and Bradford, Yorkshire.
BioGen Power has now closed its Blackpool office, with staff relocating to Energos' headquarters in Warrington, Cheshire.