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Biomass plant on the horizon for Brazil

Eucalyptus woodchips will generate 150MW of renewable energy at the Bahia plant
Eucalyptus woodchips will generate 150MW of renewable energy at the Bahia plant

Atico, an asset management fund in Brazil, and German energy company Steag have partnered to build a biomass plant in Bahia, Brazil.

According to reports the new plant, Atico's first renewables project, will cost BRL750 million (€240 million). It will generate 150MW of renewable energy from woodchips made from eucalyptus.

The feedstock used to make the woodchips will be sourced from a eucalyptus plantation owned by Remasa, in which Atico has acquired a 50% -1 stake via its Tree Florestal fund.

Eucalyptus woodchips will generate 150MW of renewable energy at the Bahia plant