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Kibo acquires waste-to-energy project in the UK

By District Energy posted 09-28-2022 06:09


Creamer Media's Engineering News


Renewable energy development company Kibo Energy has signed a definitive share purchase agreement (SPA) to acquire a 100% interest in a waste reception, anaerobic digestor (AD) and combined heat and power (CHP) power plant named Southport at Merseyside, in the UK.

The company said on September 21 that the acquisition of the 12 MW waste-to-energy project was in line with its refocused strategy to acquire and develop an energy portfolio centred on sustainable, renewable and clean energy solutions and opportunities.

“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 about 140 000 MWh/y, with this entire capacity expected to go into production over the next 12 to 18 months,” Kibo Energy CEO Louis Coetzee said.

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