about us | newsletter | contact | archive | members area
Pascal Robin, Sanofi Romania
The country evolution is to be taken into consideration by any foreign investors»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

UK’s Eco2 targets 200 million Euro plus investments in biomass

Welsh-based renewable energy developer Eco2 is targeting the development of two biomass plants in Romania – in Slobozia, Ialomita county and Rosiorii de Vede, Teleorman county

March 2011 - From the Print Edition

The total investment for each plant could exceed 100 million Euro, while both plants will have an installed power of 40 MW.
The biomass plant in Slobozia could begin construction at the end of 2012 for a finish date of 2014. This power producer will be on private leased land, while the Rosiori de Vede project aims to be developed with the assistance of the local council.
The plants will combust primarily wheat straw, but also straw from rape, sunflower and corn and woodchip.
One of the key attractions for the development is the anticipated availability of large incentives through a Government renewable energy scheme, which favours biomass and solar power, Roger Preston, Eco2 representative for Romania tells The Diplomat.
The Cardiff-based company aims to sign 12-year contracts with local farmers to bale straw for the projects and it will need to source feedstock from a 70 km radius around the locations.
“Farmers get extra money and the company is building a market for a product where there was no market before,” says Preston.
The capacity for each plant is 240,000 tonnes of straw per year.
Once the local authorities give permission for the projects, they need to gain a zoning certificate and grid connection permits from state power grid company Transelectrica.
The projects could create 150 jobs in each plot.



COMMENTS
There is 1 comment:

Phil Pels: on 2011-03-20 22:50:10
ECO2 IN ROMANIA............

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

1 Comment  |  8799 View
Daily Info
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the N...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Porsche Engineering Romania relocates its headquarters in Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales r...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant feat...

 
 
   
advertising

advertising

advertising

advertising

More on News
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

2 Comments

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sale...

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three mon...

1 Comment

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

1 Comment

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from th...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.