European Investment Bank may back French CHP project

The European Investment Bank (EIB) is assessing a loan of $21.5m to a 10-MW biomass and waste gasification project in France.

The facility in Thouars will be producing combined heat and power using plasma torch technology developed by CHO Power, a unit of French clean technologies and renewable energy group Europlasma.
The total investment in the combined heat and power project amounts to EUR55 million for the development, installation, operation and maintenance of the plant.

The EIB is a prolific investor in low carbon initiatives. In 2015 the bank issued a new €600 million green bond. The transaction took the total investment in the Climate Awareness Bond (CAB) to €10 billion (à‚£7.3bn).

CABs provide investors with the opportunity to invest in projects contributing to climate action.

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