The acquisition took place through a share swap arrangement. Energos, which was already gasification technology partner to BioGen Power and had a 28 per cent shareholding in the business, has released shares to the former BioGen Power owners as part of the reciprocal agreement.
The company said the acquisition 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.
Seven previously developed Energos gasification from waste facilities across northern Europe have a combined operating experience of almost 500,000 hours over a 15-year period.
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 closed its Blackpool office, with staff relocating to Energos’ headquarters in Warrington, Cheshire.