Green Investment Group (GIG) is providing £38 million in financing for a large-scale waste-to-energy facility in the UK.
Wheelabrator Technologies will use the funding for the construction of Ferrybridge Multifuel 2 (FM2) near Knottingley in West Yorkshire, which will have a total capacity of 70MW.
FM2 is being built by Multifuel Energy Ltd (MEL), a joint venture between Wheelabrator Technologies and SSE.
The facility, which will be capable of processing 675,000 tonnes of waste per year, will be located adjacent to the recently decommissioned Ferrybridge C coal-fired power station.
Around 47 new, full-time jobs will be created once operational.