Wentworth Clean Power (WCP) has been established by senior energy and financial services professionals to develop, finance and deliver differentiated, future-proofed and truly sustainable waste-to-energy and waste-to-value projects using varied feedstocks. Its projects will offer an optimised generation mix, including base-load electrical power and good quality heat.
WCP’s mission is to develop its projects to encompass environmental, social and community needs, whilst also providing strong returns for its investors.
WCP seeks to redefine waste-to-energy and waste-to-value project development, financing and implementation, in accordance with the ethos of the Circular Economy.
As a small and agile company, our strengths lie in building highly efficient, cross-sector and long-term collaborations with leading partners, always assembling the optimum constellation for each project. These leading and high-quality businesses may be involved in waste management, the Circular Economy and other associated sectors: WCP catalyses and channels all such value-adding contributions to positively impact waste-to-energy and waste-to-value project implementation.
The company has secured project development as well as construction funding - thereby offering its project partners a high certainty of project completion - and engaged with best-in-class project delivery partners and advisors. Its operating projects will also be characterised by rigorous maintenance, with a continuous programme of re-investment and innovation throughout their lifetimes.
Wentworth Clean Power’s mature experience of complex project development is enhanced by its deep knowledge of associated markets and their dynamics; technologies and process engineering; project lifecycle, structuring and delivery; and supply chains.
WCP also has wide experience of project financing and identification and mitigation of project risks.
The company has conducted a rigorous evaluation and screening of all credible waste-to-energy and waste-to-value technologies and providers worldwide.
WCP’s approach to development and implementation of optimum project concepts and solutions (with customised outputs) and commercial and financial structures involves detailed and comprehensive analysis, combined with integration of leading research and its own thought leadership. This results in financeable, reliable and adaptable innovation using proven, robust and bankable advanced technologies.
The company seeks:
· To minimise the Carbon footprint of its projects, to ensure that they are insulated against any future potential Carbon taxes.
· To ensure, also, that its projects have the optimum environmental profile (including the limitation of gaseous and particulate emissions beyond current regulatory thresholds).
· To optimise the recycle rate of solid residues.
· To enhance electrical efficiency and production of additional high-value products.
· Transparency and accessible information on all Carbon-producing aspects of its projects, with an openness to future improvements.
WCP’s lead projects are located in Teesside, Redcar and Cleveland in North East England and Fleetwood, Lancashire in North West England.
Philip Spanos leads Wentworth Clean Power and its projects. He has more than 25-years’ experience in the power industry, successfully developing, financing and delivering major conventional and renewable projects. After serving with the Royal Navy, his early experience was with GEC, Cegelec and ALSTOM Power. As Head of Portfolio Funding for Carbon Trust, he designed and implemented landmark financings for their low-carbon businesses, such as Partnerships for Renewables and Low Carbon Workplace. As Director, Project Development for BWSC in Denmark, he defined and introduced the strategy that saw BWSC complete development and construction of multiple UK-biomass projects and also initiate and secure innovative funding associations. He has been preparing for WCP since 2014, analysing and researching all aspects of the market and its actors. He was educated at Imperial College, London, both undergraduate and postgraduate.
Before transitioning into renewable energy, Vasso-Athene Spanos spent 13 years in the City of London at Baring Asset Management (BAM) focusing on Investment Companies. There, Vasso was responsible for structuring, implementation and corporate management, in addition to account and relationship management of bespoke, specialist and investment company funds for institutional and HNW investors. Since then, Vasso has worked with Carbon Trust on major fundraisings for their Partnership for Renewables, Low Carbon Workplace and Connective Energy businesses. Vasso also completed a fundraising assignment for Burmeister & Wain Scandinavian Contractor in respect of a portfolio of UK-based biomass projects. Before co-founding WCP with Philip, Vasso was a Director at Wendon Renewables, working alongside Philip on their WtE developments. Vasso received a BA from King’s College, University of London and an MBA from City University Business School.