Financing for the East Rockingham Waste to Energy facility, Australia’s second utility-scale waste-to-energy facility, has been named as the Asia-Pacific waste deal of the 2019 calendar year by IJ Global, a leading publication for the energy and infrastructure market.
Financial close on the A$511 million greenfield project, located in the Rockingham Industry Zone, south of Perth in Western Australia, was achieved on December 23, 2019, and construction has already commenced.
The facility marks Masdar’s first investment in Australia. Masdar and leading Abu Dhabi advisory and development firm Tribe Infrastructure Group invested in the waste-to-energy project via their Abu Dhabi Global Market-based joint venture holding company, Masdar Tribe Energy Holdings Limited, which acquired a 40 percent stake in East Rockingham Waste to Energy.
Masdar’s equity partners are John Laing, Acciona Concesiones, Hitachi Zosen – INOVA and Tribe Infrastructure.