Construction on the £800m Deeside waste incinerator is set to begin in January next year.
Wheelabrator Technologies the American firm behind the project announced it has reached ‘close’ on £180 million financing meaning work can now begin.
Construction is expected to take around three years to complete, the project will offer multi-million pound supply chain opportunities for businesses both during and after the building phase.
Once fully operational up to 200,000 tonnes of household waste a year from across Flintshire, Conwy, Denbighshire, Gwynedd and the Isle of Anglesey County Council will be trucked into Deeside and incinerated.
Parc Adfer as It’s been named will be a combined heat and power enabled facility which will generate enough electricity to power over 30,000 homes and businesses, It will also be capable of providing steam or heat to local industry and housing.
Flintshire County Council awarded planning permission in May 2015 following acontroversial U-turn by councillors in an appeal hearing after planning permission was first refused.
An Environmental Permit was awarded by Natural Resources Wales not so long after.
“To achieve financial close is a significant milestone and I’m extremely proud of our team for making this possible,” said Wheelabrator President and CEO Robert Boucher. “This is the result of six years of hard work and negotiations, and I’m excited to welcome our third UK facility to our global fleet.”