The European Investment Bank (EIB) and several French commercial banks will provide credit totalling €250m for the development of biomass-to-energy and municipal waste-to-energy projects. The funds are to finance biomass cogeneration and heat-only plants as well as treatment plants for municipal and similar wastes that produce biogas and electricity. The funds may also be used toward the modernisation of district heating networks, the EIB announced on Wednesday.
The financing agreement was signed in Paris on Friday of last week. Among the first projects to receive financing under the programme are a biogas and composting plant being developed by the local authority association SMET 71 in Chagny and a mechanical-biological treatment plant in Hénin-Beaumont developed by the Symevad local authority organisation.