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Charwood Energy S.A ( (FR:ALCWE) ) has issued an update.
Charwood Energy has signed its first corporate Power Purchase Agreement (PPA) with Verallia France to supply syngas, marking a significant step in its development. The 21-year contract involves constructing a syngas production plant at Verallia’s Cognac site, substantially contributing to Verallia’s decarbonization goals. This partnership will replace 20% of Verallia’s fossil energy consumption at the site, saving 6,000 tons of CO2 annually and creating both direct and indirect jobs. The project is supported by Charwood Energy and the Eiffel Gaz Vert fund, with grants from ADEME and the Nouvelle Aquitaine region. This collaboration highlights Charwood’s commitment to providing renewable energy solutions and Verallia’s efforts to lead the glass industry’s decarbonization in France.
More about Charwood Energy S.A
Charwood Energy is a French company specializing in custom energy recovery solutions for biomass. It focuses on providing renewable energy solutions tailored to industrial requirements. The company is committed to supporting its clients in their energy transition by offering efficient and environmentally friendly solutions.
YTD Price Performance: 55.65%
Average Trading Volume: 701
Technical Sentiment Consensus Rating: Sell
See more data about ALCWE stock on TipRanks’ Stock Analysis page.