Danske Commodities, Cory sign PPA for one of largest energy-from-waste facilities in UK


Riverside 1, energy-from-waste facility (photo: Cory)


June 10, 2022






June 10, 2022





Energy trading company Danske Commodities has signed a power purchase agreement (PPA) with Cory Group for Riverside 1, one of the largest energy-from-waste (EfW) facilities in the United Kingdom.

Under the agreement, Danske Commodities will provide balancing, asset optimisation and route-to-market for Cory’s EfW plant Riverside 1, which is located on the Thames river in a part of London called Belvedere.

Every year the facility burns around 750,000 tonnes of non-recyclable waste collected in London. Its operation avoids waste to be landfilled and produces electricity. In 2020 Riverside 1 treated 782,000 tonnes of waste and generated 532,000 MWh of baseload electricity.

Riverside 1 burns non-recyclable waste

The deal marks the first EfW PPA for Danske Commodities, which will apply its trading expertise to provide balancing, asset optimisation and route-to-market for the energy generated from London’s waste, according to the Danish firm, owned by Norwegian oil company Equinor.

Danske Commodities has been doing business in the British power market since 2009 by providing services to energy generation firms such as wind farms and combined heat and power plants (CHPs).

The company said it currently has 7 GW of power generation assets under management in Europe.

Increased demand for energy service partners

“Signing a power purchase agreement with an experienced trading company like Danske Commodities provides us with access to the energy market and decreases our liquidity risk,” said Ben Butler, CFO at Cory.

According to Tor Mosegaard, VP and Head of European Power Trading at Danske Commodities, energy-from-waste is a win-win – it is a sustainable way to manage non-recyclable waste and it generates energy, which is needed now more than ever.

“We are seeing an increased demand for energy service partners with a proven track-record and a strong creditworthiness. As an experienced balancing and trading partner, backed by Equinor, we can meet the demand and do our part in optimizing Europe’s power markets,” Mosegaard added.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece PPC Renewables two solar power plants f 250 MW

Greece’s PPC Renewables finishing two solar power plants of 250 MW in total

29 March 2023 - PPC Renewables said it would complete two photovoltaic facilities in Greece's coal hubs by the end of the month

power utilities western balkans eu ets smissions co2 cbam

Workshop on emissions trading: cooperation of regional utilities toward energy transition

29 March 2023 - Top managers of five state-owned power companies from BiH, Montenegro, North Macedonia and Serbia have discussed cooperation

seepex intraday market launch

All set for intraday electricity market in Serbia – next step is to join single European market

29 March 2023 - The opportunities for electricity buyers and sellers were presented by the representatives of SEEPEX, BSP SouthPool, and European Commodity Clearing

State owned EUAS dominates top list electricity producers Turkey

State-owned EÜAŞ dominates top list of electricity producers in Turkey

28 March 2023 - The annual MW100 Turkey report reveals the biggest players in installed capacity, electricity production and across sectors