Vattenfall cancels biomass plant and turns to alternatives
Energy supplier Vattenfall has cancelled its plans for a biomass plant in Diemen, Netherlands.
Instead, the Swedish government-owned entity is looking to other options.
These include geothermal energy and residual warmth, according a cooperation agreement between Vattenfall and several municipalities - as well as the provinces of Noord-Holland and Flevoland.
Project development plans for the biomass facility had been ongoing for a few years.
An agreement had been reached for a 120 MW facility, which woulf have been fuelled by wood pellets.
In June 2019, Vattenfall had made agreements with municipalities, which would have benefited from the plant - with environmental permits secured that September.
Macquarie Asset Management, on behalf of its institutional clients, has provided approximately €420 million of debt financing to Nadara, one of Europe’s largest renewable independent power producers (IPP)
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