New structures emerging for EfW deals, says Moody's

Listen in as inspiratia discusses the changes afoot in the energy-from-waste sector as PFI contracts become a thing of the past, ushering in a new merchant paradigm

The UK's waste-to-energy market is in a period of transition - from long-term PPPs with local authorities to independently operated plants without such an extent of contractual certainty. 

And, as covered by inspiratia on a number of occasions, many are now also having to do without government-backed incentives for the power they produce. 

To reflect on the new realities faced by plant owners, inspiratia recorded a recent conversation with Nicolò Castagna from rating agency Moody's, as projects are forced to go at least partially merchant. 

The discussion also focused on the structural features that are being employed to mitigate merchant risk, as well as the potential effect on the market from the drive towards a fully circular economy and increasing recycling rates. 

Listen to the conversation below:

Note: This interview was recorded on 27 June. Moody's EfW Projects methodology has since been replaced by its Power Projects methodology.