Charwood Energy Inks First Corporate PPA with Verallia France

Charwood Energy has signed its first corporate Power Purchase Agreement (PPA) with Verallia France. This 21-year agreement involves supplying syngas, generated through biomass pyrogasification, to Verallia's Cognac plant. Charwood will build and operate the syngas production facility on-site.

The partnership supports Verallia's decarbonization goals, which include a 46% reduction in scope 1 and 2 emissions by 2030, achieving net zero by 2050, and maintaining scope 3 emissions below 40% of total emissions. The facility will replace 20% of the plant's fossil energy consumption, saving 6,000 tons of CO2 annually.

Construction is slated to begin in the first half of 2025, with operations commencing in early 2027. The project is backed by investments from Charwood and the Eiffel Gaz Vert fund and is supported by ADEME and Nouvelle Aquitaine grants.