The UK Government has granted planning permission for Cory Energy's Riverside Energy Park development near London.
The Energy Park will be situated next to Cory Energy's existing energy recovery facility in Belvedere, on the banks of the River Thames. It will feature an additional energy recovery facility, as well as an anaerobic digestion (AD) facility for food and green waste, solar power and battery storage.
Once completed, the facility will divert up to 805,000 tonnes of non-recyclable waste from landfill and produce up to 96 MW of low-carbon renewable electricity, equivalent to powering 140,000 homes. The majority of the waste will be transported via barges on the Thames.
Cory Riverside Energy's group CEO, Dougie Sutherland, said: "We are pleased that the Secretary of State has recognised the need for more residual waste processing capacity and has granted us permission to begin development of the Riverside Energy Park.
"Currently, over two million tonnes of London's non-recyclable waste is sent to landfill or shipped overseas, and so more domestic capacity is needed urgently. We are proud to be playing our part through the construction of this new facility."
According to Sutherland, the project represents an investment of around £500,000,000 (€574,370,000) into the UK's infrastructure, which will be "vital" for rebuilding the economy after the COVID-19 pandemic. He added: "In the meantime, we will continue to focus on the health and safety of our staff, whilst delivering the essential waste management service that the country needs during this period of uncertainty. We will support the national response to coronavirus in whatever way we can."