Developing and investing in a shared future


Our Portfolio


Project Client Project Capex (£m) Financial Close
Wakefield Waste PFI City of Wakefield Metropolitan District Council 800 February 2016

In February 2016, Equitix acquired the Wakefield Waste PPP, a 25-year concession with the City of Wakefield Metropolitan District Council, to process up to 230,000 tonnes of local municipal waste every year. The project, which is situated within the immediate vicinity of the city of Wakefield, West Yorkshire, primarily comprises the construction and operation of three new biological waste treatment facilities at South Kirkby, together with the refurbishment and operation of two transfer stations located in Wakefield and Castleford, seven Household Waste Recycling Centres (which have been consolidated into four facilities), and thirty municipal ‘bring sites’. The project reached Financial Close in September 2013, with Practical Completion occurring in December 2015.

Full Circle Power Belfast Harbour Corporation 92 November 2015

In November 2015, Equitix acquired a proportion of the Full Circle Power project involving the design, construction, finance and operation of a 14.85MW Energy from Waste (EfW) facility using Biomass Power Limited gasification technology, adjacent to Bombardier’s wing facility situated on the Belfast Harbour Estate in Northern Ireland. The plant will be fuelled by feedstock derived from household and commercial waste (refuse derived fuel or RDF), and is the largest EfW project to be financed in Northern Ireland. It will generate approximately 61 GWh of renewable electricity annually – enough to power more than 14,500 homes. Further benefits include the creation of 250 construction jobs and 20 full-time posts once the facility becomes operational in September 2017.

Welland Biopower Western Power Distribution 50 March 2015

The project involves the design, construction and operation of a 9MW (net) waste wood gasification plant in Theddingworth, on the Northamptonshire / Leicestershire border.

The plant will consume c.70k tonnes per annum of waste wood arising from the locality, and will be eligible to earn ROCs, at a rate of 1.8 ROCs for each MWh of electricity generated, without the requirement for any heat offtake. The plant utilises gasification technology provided by Nexterra, a Canadian manufacturer of energy-from-waste gasification systems. It will be constructed and operated by MWH Treatment Limited, a subsidiary of MWH Global, a large US engineering and construction services provider.

Northumberland Waste Northumberland County Council 26 December 2014

In December 2014, Equitix reached financial close on the acquisition of this fully operational waste project, the Northumberland Waste PFI, following divestment by RBS and AXA Infrastructure Fund. The project consists of the operation of an EfW incineration facility (135,000 tonnes annual capacity) at an existing plant in Teesside, together with the operation of a number of Household Waste Recycling Centres, Refuse Transfer Stations, Material Recycling Facilities and Composting Facilities

The project has been operational since May 2009 and has a remaining concession life through to 2035. All operations and maintenance is provided by SITA.

Allerton Waste Recovery Park North Yorkshire County Council & City of York Council 302 October 2014

This 25-year contract involves the design, construction and operation of an integrated waste treatment facility in Allerton, North Yorkshire, capable of treating 320,000 tonnes of household and commercial waste per year from across North Yorkshire and York. AmeyCespa has proposed a combined waste treatment solution that consists of Mechanical Treatment, Anaerobic Digestion and Energy from Waste. The plant will generate renewable electricity for the equivalent of over 40,000 homes.

Further benefits to local residents include:

  • reduced costs for local waste management and treatment
  • diversion of at least 95% of residual waste from landfill
  • 400 local jobs during construction and 70 permanent skilled and semi-skilled once operational
  • an onsite visitor and education centre for use by schools and the wider community

Construction of the facility is now expected to begin in December 2014 and take approximately 36 months to complete. It will become fully operational during 2018.

Dalmuir Scottish Water 35 March 2014

In March 2014 Equitix acquired an 80% share in Dalmuir Waste Water Treatment Plant. This specialist wastewater plant built adjacent to the River Clyde is within the outer suburbs of Glasgow, Scotland and serves a population equivalent of around 600,000. Waste water from domestic households, commercial and industrial businesses is treated and either dried and converted into fuel pellets to power Longannet Power Station in Fife, or treated according to Scottish Environment Protection Agency (SEPA) highly regulated standards and returned to the River Clyde in Glasgow.

The project facilities have been fully operational since 2002 and has a 25 year concession is set to expire in 2026. Operations & Maintenance services are provided by Saur.


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Equitix Investment Management Limited - Registered in England and Wales, Registration number: 6273020 - authorised and regulated by the Financial Conduct Authority.

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