2 December 2013

Brenil Cogeneration and Wood Pellets

Project co-developed by Voltiq sold to strategic investor

Brenil Cogeneration and Wood Pellets

The Brenil wood biomass cogeneration & wood pellet project has been sold earlier this year to one of world's leading wood product manufacturing companies, Josef Rettenmaier & Söhne (JRS).

The project is located in France, in the Morvan area, Burgundy, close to the community of La Roche en Brénil. The project, which will consist of a 5 MWe & 12 MWth Cogen, and a 80,000 mT wood pellet plant, was originally developed by Voltiq and one of its founding partners. Voltiq has from its inception in 2007 until its final development in 2013 been involved in its development, notably focussing on its commercial and financial structuring including power offtake, pellet sales contracts, feedstock procurement, EPC contract structuring, and equity and debt origination. Project construction started in July 2014.

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