French renewable energy producer Albioma SA (EPA:ABIO) said today it has commissioned a 48-MW biomass-fuelled cogeneration plant in Brazil.
The company invested BRL 121 million (USD 23.3m/EUR 19m) in the project, its fourth in the South American country. Named Vale do Parana Albioma, the new all-bagasse power plant is the result of a joint venture (JV) between Albioma and the Vale do Parana sugar mill.
Located in the town of Suzanapolis, Sao Paulo state, Vale do Parana Albioma has a long-term, inflation-indexed power purchase agreement (PPA) in place for 120 GWh per year until 2046. According to Albioma, the new plant is able to export up to 30 MW of renewable electricity to the Brazilian grid.
Present in Brazil since 2014, Albioma has purchased and upgraded three existing cogeneration plants in the country. Vale do Parana is the first in which the firm has handled the construction and network connection works as well as the subsequent operation, it noted.