Wednesday, July 13, 2011

Africa Renewables seeks €30m for biomass projects

Africa Renewables, an international renewable energy trading company with headquarters in London, has begun fundraising for biomass projects across West Africa.

The company is looking for €30 million from investors to fund sustainable projects in Africa involving biomass extraction and exportation over the next four years.

The first project, developing Ghana’s biomass extraction chain, requires €5m in investment. The project involves harvesting redundant rubber trees and processing them into woodchips, which are then sold to European power houses and businesses as replacements for coal. The project is facilitated by an 8 year partnership with Ghana Rubber Estates Ltd (GREL).

Renewable Energy Focus

No comments :

Popular Posts Last Week

Popular Posts This Month

Popular Posts All Time