Germany bioenergy firm innogy has sold is German biomass combined heat and power (CHP) plant and wood pellet production facility to Cycleenergy.
Cycleenergy operates three biomass plants and two pellet production facilities in Austria. It also plans, finances and builds decentralised, base-load capable energy solutions in Austria and its neighbouring countries.
The biomass CHP plant and pellet production facilities are located in Erndtebrück, Germany, and have now been taken over by Cycleenergy. The agreement, which was signed in December 2019, details the transfer of the plant as well as the pellet facility operated by innogy’s subsidiary, NRW Pellets, to Austria-based Cycleenergy. The transfer of ownership and employees working at both plants took place on 27 January.
Christoph Bruckner, head of operations and technology at Cycleenergy, said: “The dedicated team at Erndtebrück has managed in the past few years to create a good basis on which to secure an important contribution towards the necessary transformation of the European energy industry into a sustainable one.”
“I’m happy to be passing our two plants into competent hands,” added Sandra Silva Riano, head of biomass in Germany at Innogy. “In taking this step, we have secured the long-term operation of both plants and the jobs. This is an important signal to send out to the region and our customers – and moreover, to our employees there.
“I’d like to take this opportunity to express my sincere thanks to them. Their great dedication is what has enabled us to continuously improve production processes at both plants in recent years and position ourselves on the market as a reliable and quality-focused pellet manufacturer. We have now created a solid basis for the future under the umbrella of Cycleenergy.”