Veolia Signs $505 Million Wood-Chip Power Plant Deal in Ireland

(Bloomberg) — Veolia Environnement SA’s Irish unit won a
450 million-euro ($505 million) deal to operate a wood-fueled
biomass power plant in the country’s west.

Veolia won a 15-year contract from Mayo Renewable Power to
operate the 42.5-megawatt heat and power plant producing enough
electricity to supply 68,000 homes, it said in a statement
Monday. The site is due to start operating in mid-2017, it said.

“This facility is Ireland’s largest independent biomass
power plant and for Veolia represents the largest of its kind
under our management in Ireland and the U.K.,” Estelle Brachlianoff, senior executive vice president U.K. and Ireland
for Veolia, said by e-mail.

Ireland plans to get 40 percent of its power needs from
renewables by 2020

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, John Viljoen

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us