FRANCE (News release) -- The largest cogeneration (generates electricity and heat) plant of its kind in France is under construction at the mill site of Norske Skog Golbey, France.

The energy plant will be operated by the Green Valley Energie joint venture, and will will produce electricity and heat from waste and residue materials. Electricity sale from GVE is ensured through a feed-in tariff contract, while steam will be used for Norske Skog's Golbey mill.

"This energy project is one more milestone in the on-going transition of Norske Skog towards new growth markets and sustainable energy. The biomass boiler will ensure a stable, long-term supply of cost-competitive and 100 percent renewable steam as an alternative to fossil energy sources like natural gas, shielding us from increasingly volatile energy markets," says Sven Ombudstvedt, CEO of Norske Skog.

The energy plant will be commissioned in September 2024 and will produce +200 GWh of electricity and +700 GWh of renewable heat, thus generating CO2 savings of 210,000 tonnes per year and providing electricity equivalent to the consumption of more than 13,000 homes.