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Waste Management Sells Waste-to-Energy Unit for $1.94 Billion

waste management logoWaste Management has agreed to sell Wheelabrator Technologies to an affiliate of Energy Capital Partners for $1.94 billion in cash.

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.

Last year, the Motley Fool reported that  Waste Management generates almost as much energy as the nation’s entire solar industry by using various methods for creating energy from refuse.

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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