GDF ponders investment in biomass plants in Bulgaria

France's GDF Suez is planning investing EUR100m ($142.2m) in building biomass power plants in four Bulgarian towns.
 
GDF Suez has 695 MW in biomass fuelled power plant capacity mainly in the United States and Brazil. Last year it said it would build what it called the world's largest biomass plant in Poland.
 
Bulgaria is preparing a new law on renewable energy which envisions incentives for biomass energy production. The Balkan country aims to have 433 MW of biomass plants by 2020, when it targets 16 per cent of total energy consumption coming from renewable energy sources.
 
Agriculture Minister Miroslav Naidenov said Bulgarian forests have been increasing by an annual 4000 hectares in the past several years, but the available biomass is not being used and is left to decay.
 
For more biomass news, click here

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

Whitepapers

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...