Case study

~$A700 million Avertas Energy project in Western Australia

Australia’s first thermal waste-to-energy facility

Opportunity

As Australia’s population grows, establishing infrastructure that maximises the diversion of waste from landfill is critical, along with the ability to recover products and energy in a sustainable way.

Actions

Macquarie is a co-developer, financial adviser and equity investor in the ~$A700 million project. Macquarie is also responsible for delivery of the facility, scheduled to open by the end of 2021.

Outcomes

  • Australia’s first thermal waste-to-energy facility
  • Long-term waste supply agreements with Rivers Regional Council and City of Kwinana
  • Will divert 400,000 tonnes of waste from WA landfill annually, which is 25% of Perth’s post-recycling rubbish
  • Will reduce 400,000 tonnes of CO2 emissions annually (equivalent to taking 85,000 cars off the road)
  • Expected to export 36MW of reliable baseload energy to the grid (equivalent to the electricity needs of >50,000 households)
  • Will create 800+ jobs in WA during construction and 60 full-time positions once operational

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