FENGATE: co-developing renewable energy sources
Veolia and the Canadian investment fund Fengate Capital Management Ltd. are cooperating for the construction of two biomass power plants in British Columbia, among North America's largest. Designed and operated by Veolia, the facilities are funded by Fengate Capital Management Ltd., together with international and Canadian banks. This new co-construction model, called AssetCo / OpCo, is based on the complementary expertise of the partners.
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- 307,000 metric tonnes of biomass recycled per year
- 95,000 metric tonnes of CO2 emissions avoided each year
- 40,000 Canadian households supplied with electricity