German Pellets founds subsidiary in Italy

German Pellets Italia, a subsidiary of German Pellets, Europe´s largest pellet manufacturer, is strengthening its presence on the Italian market.

In the coming years, the subsidiary wants to build and operate CHP plants for the production of electricity and heat from wood pellets, primarily in Northern Italy.

"This is a very important step for our company´s further expansion on the European market," said Peter Leibold, managing director of German Pellets GmbH.

The company cites favourable framework conditions in Italy as influential in the move, owing to the adequate feed-in tariffs for electricity from CHP plants, according to EANS News.

Up to 28 cents per kilowatt-hour are paid for green electricity fed into the national grid. German Pellets will sell the thermal energy to customers in the region.

Italy has roughly 1.5 million pellet stoves, and this figure is increasing by about 200,000 every year, with the Italian government promoting the use of renewable energies with tax credits, investment grants and feed-in tariffs.

For more combined heat and power news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...