Abu Dhabi state renewables firm Masdar and Sharjah’s state waste management firm Bee’ah have completed the financing for the UAE’s first waste-to-energy plant, to be built in Sharjah at an anticipated cost of $220mn. The plant will have 30MW power generating capacity.

The cost of $7.33mn per megawatt of generation capacity is at face value unfeasibly high compared with a conventional combined cycle plant, which would come in at $982,000/MW of capacity, according to the US...