Waste Management Sells Waste-to-Energy Unit for $1.94 Billion
Wheelabrator Technologies (WTI) owns or operates 17 waste-to-energy facilities and four independent power-producing plants in the US that process more than 7.5 million tons of waste and have a combined electric generating capacity of 853 megawatts. WTI also owns four ash monofill landfills, three transfer stations and an ongoing development and construction project in the UK.
As part of the sale, Waste Management will enter into a long-term agreement to supply waste to certain WTI facilities.
Waste Management generates the equivalent of 9.8 GW of power through waste-to-energy projects and harvesting landfill gasses. In contrast, the US’ entire solar industry generates around 10 GW of power
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