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France Receives Millions of Euros for Biomass Projects from EIB

Posted on : 01 Feb, 2016

 

France will receive funds worth EUR 112 million (USD 121.5m) from the European Investment Bank (EIB) to construct four biomass projects.

 

The fund will be used to renovate existing district heating facilities in Forbach, Epinal, Lacq and Nantes. These facilities are currently running on fossil fuels. The funds will be used to convert them to use locally sourced wood chips as feedstock. The facilities are expected to achieve a heating or cogeneration capacity of 20-60 MWth per unit.

 

France plans to supply the heating from these plants to local urban communities and the electricity output will be injected into the national grid.

 

The fund is part of a larger EUR 1-billion green growth package – about EUR 400 million will be earmarked for energy efficiency-related renovation works of public buildings while another EUR 75 million will be invested in education and training activities for energy efficiency.

 

At CMT’s Biomass Trade & Power Europe on 22-24 February, 2016 in Copenhagen learn more about such investments in biomass projects in Europe.

 

Contact Ms. Hafizah at hafizah@cmtp.com.sg or call +65 6346 9218 for further details.

 

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