French biomass CHP to benefit from $344m loan

A group of lending institutions is to provide more than $344m in finance for energy schemes, which favour the use of biomass and biomass combined heat and power technology in France.

The European Investment Bank (EIB), BPCE Group and Crédit Agricole's Caisses régionales, as well as Crédit Agricole Leasing & Factoring, will be lending the funds to develop biomass-fed energy schemes and enhanced waste recycling and recovery in France, the EIB announced in a press release.
This financing agreement will make it possible to enhance the value of forest or agriculture-based biomass by using it, together with household and similar waste, to generate electricity, biogas and heat in France.

Thus new biomass-fired schemes will be financed throughout France, including heat-only and combined heat and power cogeneration plants, as well as facilities for treating household and similar waste to generate biogas and electricity. The agreement will also make it possible to support work on renovating and extending urban district heating systems, with the twofold objective of improving energy performance and efficiency

For more biomass CHP 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...