Europlasma gets EUR 12m for 10 MW biogas plant

French clean technologies and renewable energy group Europlasma (EPA:ALEUP) will receive EUR 12 million (USD 13.3m) in funding to start work on a 10 MW biogas power plant in western France.

France’s Environment and Energy Management Agency (ADEME) has selected the CHO Tiper project of Europlasma in Thouars, western France, to receive EUR 12 million repayable advance, reimbursable over 6 years after commissioning at a fixed IRR of 0.99%, Europlasma said in a news release last week.

CHO Tiper will use the group's proprietary plasma torch technology to produce electricity from industrial and commercial waste and biomass. When operational, the facility is expected to annually supply enough electricity to meet the needs of 45,000 people while avoiding the production of 30,000 tonnes of CO2 as well as the landfilling of 45,000 tonnes of waste.

(EUR 1 = USD 1.107)

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