Cortus and Nordbex sign contract for 60 MW biomass power plant

SEK 400 million contract between Cortus and Nordbex for delivery of a 60 MW WoodRoll® biomass power plant in Scandinavia, with options for four other plants.

Share:

Cortus et Nordbex signent un contrat pour une centrale biomasse de 60 MW.

Cortus and Nordbex have signed a preliminary contract for the delivery of a 60MW WoodRoll® biomass power plant in Scandinavia, with construction scheduled for the second half of 2025. The contract includes options for four further power plants over ten years, with a total value of SEK 2 billion.

Delivery and preparation

The partnership stipulates that Cortus will supply the main components of the 60 MW WoodRoll® biomass power plant, as well as technology licenses, royalties and commissioning and maintenance services. The first plant will be located in the commune of Nybro. Aker Solutions will coordinate project preparations on behalf of Nordbex.

Financial Planning and Future Opportunities

Financing for the first project, as well as the other four potential projects, is underway with several partners, including a major Nordic bank. This investment represents a major step forward for both companies in the Scandinavian energy sector.

Impact on Cortus and Nordbex

This contract is a strategic opportunity for Cortus Energy to strengthen its position in the biomass market. By collaborating with Nordbex, Cortus gains access to new markets and diversifies its revenue sources through long-term commitments. It also guarantees financial stability and sustained growth for years to come. For Nordbex, this partnership offers a proven solution for large-scale energy projects. WoodRoll® technology enables Nordbex to offer efficient and reliable energy installations, consolidating its reputation as a leader in energy projects in Scandinavia.

Growth prospects and future developments

The contract opens up significant growth prospects for both companies. The establishment of the first plant in Nybro will serve as a model for future projects, facilitating replication and rapid expansion in the region. In a fast-changing energy market, biomass solutions offer competitive advantages in terms of cost and efficiency. Rolf Ljunggren, interim CEO and founder of Cortus Energy, said, “This partnership marks a commercial milestone for us. We have demonstrated that our technology is ready for large-scale implementation.” Thomas Öström, CEO of Nordbex, added: “Cortus and WoodRoll® offer an efficient and reliable solution for new energy installations in the region.”

  • Populaires ​
TotalEnergies acquires 1.5 GW of AES renewable assets in the Caribbean
Japan and Siemens Gamesa sign strategic offshore wind agreement
CBAK Energy invests $357 million in Malaysia with Anker Innovations
HyperStrong and Repono launch 1.4 GWh of energy storage in Europe by 2027
Atmos Renewables finances major energy storage project in Australia
Elcimaï Environnement converts Laon wastewater into marketable biomethane
Elcimaï Environnement has completed a methanisation unit integrated into Laon's wastewater treatment plant, now enabling the conversion of sludge and bio-waste into biomethane injected into the local grid, meeting the annual energy needs of 1,150 households.
Teréga and GRDF inaugurate Occitanie’s first biomethane reverse-flow station
Infrastructure manager Teréga and GRDF inaugurated in Auch, Occitanie, the region’s first biomethane reverse-flow station, designed to facilitate biomethane transfer from the distribution to the transport network, representing an investment of €3mn ($3.27mn).
Eni launches its first agri-hub for industrial-scale vegetable oil production in Congo
Eni has inaugurated its first vegetable oil extraction plant in Loudima, Republic of the Congo, marking the country's entry into the global biofuel supply chain for the transport industry.
France: Toul inaugurates 8.5 MW biomass heating plant with ENGIE Solutions
The city of Toul has officially inaugurated a biomass heating plant operated by ENGIE Solutions, intended to supply heating from wood-energy to over 2,400 local homes starting from the next winter season.
North American biomethane market to reach 604 mmcfd in 2025
North American biomethane capacity will increase by 70 million cubic feet per day in 2025 following a record growth of 139 mmcfd in 2024, driven notably by transportation sector demand, according to Wood Mackenzie.
Voluntary carbon market attracts $3 billion to industrial biomass sector
The voluntary carbon market intensifies industrial interest in carbon capture within the pulp and paper and bioenergy sectors, creating an estimated $3 billion opportunity through carbon credit trading.
Germany Shakes Up Biomethane and GHG Markets with New RED III Directive
Germany’s announcement to eliminate double counting is shaking up manure-based biomethane and GHG certificate markets, prompting buyers to anticipate significant price hikes.
Enilive launches major sustainable aviation fuel production in Sicily
Enilive has started producing sustainable aviation fuel (SAF) at its biorefinery in Gela, Sicily, with an annual capacity of 400,000 tons, meeting nearly a third of Europe's projected demand for 2025.
Major Oil Companies Bet on Biofuels: 43 Projects Announced by 2030
Under growing pressure to decarbonize, the world’s leading oil companies are heavily investing in biofuels, with 43 projects aiming to boost sustainable fuel production by the end of the decade.
Industrial heat pumps make their mark to reduce CO2 emissions
Skyven Technologies introduces an industrial heat pump capable of generating steam, reducing Western New York Energy's CO2 emissions by 20,000 tons a year.
Strike at Cordemais: Unions call for EDF CEO to come to the plant
Unions at the Cordemais coal-fired power station have called a strike and are demanding that EDF CEO Luc Rémont come to the plant to explain the abandonment of the biomass conversion project.
Haffner Energy and Bambbco diversify their biomass sources with bamboo
Haffner Energy and Bambbco collaborate to integrate bamboo as a new sustainable biomass source. The partnership aims to strengthen the supply of biomass for clean energy production, by exploiting marginal lands.
EDF may abandon plans to convert Cordemais power plant to biomass
The CGT has revealed that EDF is considering halting the conversion of the Cordemais power plant to biomass, a project essential to the energy security of western France. EDF insists that the final decision has not yet been taken.
Gevo sells USD 20 million in tax credits for its biogas project in Iowa
Hat: Gevo makes a strategic sale of tax credits generated by its renewable natural gas (RNG) site in Iowa, a transaction that strengthens its position in the renewable energy market.
Station biogaz GEVO dans l'Iowa, USA
NewEnergyBlue acquires Inbicon’s technology and expands its global licenses
NewEnergyBlue buys Inbicon's biomass technology from Ørsted, strengthening its global patent portfolio and licenses.
Commissioning of Omaezakikou biomass plant postponed to March 2025
The launch of the Omaezakikou biomass power plant, affiliated to RENOVA, has been pushed back to March 2025. Technical adjustments extend the timetable and affect financial forecasts.
France: ENGIE and INRAE renew their partnership for the biomethane sector
ENGIE and INRAE extend their five-year collaboration to optimize the biomethane sector in France, focusing on research and innovation to improve methanization and the use of agricultural resources.
Centrale biométhane de Chantonnay
Mauricie: $26 million invested in a Biomethanization Center
Énercycle obtains $26 million in public funding to develop a biomethanization center in Saint-Étienne-des-Grès, aimed at reducing greenhouse gas emissions in the Mauricie region.
BPC receives two strategic orders to support biogas in the United States
BPC Instruments wins two additional orders for its analytical systems, strengthening the infrastructure of biogas projects in California.
Hexagon Agility wins USD 18.7 million order from RNG
Hexagon Agility, a subsidiary of Hexagon Composites, receives a major order for renewable natural gas systems for a waste collection fleet in North America, strengthening its position in the sector.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS