NIB lends money to Sweden to build waste wood-to-power plant

Tuesday 14 May 2013

The Nordic Investment Bank will lend 20 million euros ($26 million) to Sweden’s Vimmerby Energi & Miljo AB to build a facility in the southeast that will use bark, wood chips and forest waste to produce heat and power.

The project is expected to start working at the end of next year and will have a 26-megawatt thermal output and a 7.5-megawatt electric capacity, according to a statement on the website of the NIB. The loan has a 20-year term, it said.

Energy produced from organic matter such as wood chips, food and agricultural waste accounts for about 29 percent of total final energy use in Sweden.

 

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