Green Transition Holding has signed an Exclusivity Agreement and Heads of Terms for a 50-year lease with Kilbride Resources, securing an industrial site permitted for the construction and operation of an Energy-from-Waste (EfW) facility near Birmingham, UK. Hams Hall facility will handle approximately 150,000 tonnes of non-recyclable waste per year and generate up to 150 GWh of electricity to replace natural gas and coal fired electricity. The site has an approved planning permit to construct and operate an EfW facility, significantly reducing the project development and execution risk.

The parties expect to sign a final Agreement for Lease in Second Quarter 2022 and target financial close and start of construction in 2023, with expected completion and start of operations in 2025.