Covanta Holding Corporation and Green Investment Group announced that the Rookery South Energy Recovery Facility in Bedfordshire, England has reached financial close and will commence construction. Covanta and GIG will each own 40% of the state-of-the-art facility, with primary waste supplier Veolia owning the remaining 20%. Financial terms were not disclosed. The Rookery facility will provide 545k tonnes of annual treatment capacity for non-recyclable waste, further enabling the UK to achieve national self-sufficiency in managing waste and compliance with landfill diversion targets. Veolia will deliver the majority of Rookery’s waste supply under a long-term contract, with the balance of the waste sourced through other commercial, industrial and municipal counterparties. In processing this waste, Rookery will generate over 60 megawatts of electricity which will be sold into the grid on a merchant basis, powering the equivalent of over 112,5k homes. "Rookery will provide much needed residual waste recovery capacity, the majority of which Veolia will be supplying from its local authority and commercial customers, to create energy for the grid from non-recyclable waste to reduce the need for landfill." Gavin Graveson, Executive Vice-President for Veolia UK & Ireland. "GIG and Covanta have an ambition to deliver a joint portfolio of world class waste management infrastructure that will reduce landfill, lower emissions, and transform two million tonnes of residual waste a year into heat and power for communities and industry across the UK." Ed Northam, Head of GIG Europe. "The Rookery project brings into full view the capabilities of our partnership with GIG and our commitment to the UK market, and we look forward to investing in the local community and serving the region with much-needed sustainable waste treatment. Rookery also marks the first project in the UK where we will assume an operating role and we are thrilled to contribute this core expertise to the project." Stephen J. Jones, CEO and President of Covanta.