Abengoa to develop in Belgium the largest biomass power plant in the world

November 5, 2014

The plant will produce 215 MW of electricity and heat from sustainable biomass
The amount of the project will exceed 315 million euro

November 5, 2014- Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by the electricity and gas company, Belgian Eco Energy (Bee), to develop the largest commercial plant in the world of new construction in Ghent (Belgium), which will produce 215 MW of electricity, being one hundred percent of the raw material biomass (wood chips and agro-residues). The amount of the project will exceed 315 million euro.

Abengoa will be responsible for the engineering, design and construction of the plant. The project is expected to create up to 1,100 jobs during the execution phase.

The plant of Abengoa in Ghent will use as raw material wood chips and agro-residues. Through the technology of “Circulated Fluidized Bed” the biomass is transformed into high pressure steam, which subsequently passes through a steam turbine to produce electricity.

Requiring no support fossil fuels, the plant will generate 215 MW of clean energy, free from carbon dioxide, which will be used for the power supply industry. And thanks to a system called “district heating” approximately 100 MW of thermal energy will be distributed to supply heating to industries and households in the city of Ghent.

With the development of this new plant, Abengoa will support Belgium being closer to achieve the environmental objectives set by the European Union. Abengoa has biomass plants in Europe, Latin America and the United States that meet the criteria of responsibility, energy efficiency and provide large economic and social benefits in the communities in which they are installed.

Bee Power Gent

The plant, bearing the name of Bee Power Gent, will be built on the Ghent Coal Terminal site at the Ghent-Terneuzen Canal. For this purpose, Bee entered into a long-term agreement with the SEA-invest stevedoring company and with Ghent Port Company. SEA-invest is going to invest in the cranes, conveyor belts and storage silos.

The vicinity of the water is necessary because the biomass (short-rotation wood chips and agro waste flows) is supplied on board of seagoing vessels, both via transatlantic and European transport. The biomass that is used is 100% sustainable and is checked every two years by external parties.

The station’s residual heat will be used by companies in the port of Ghent and in neighbouring houses.

Bee Power Gent will produce 200 MW or 2% of the entire Belgian market (84 TWh). This corresponds to the consumption of 450,000 families or about the province of East Flanders.  Investments amount to between euros 300 and 330 million and provide for 700 to 1,100 jobs in the first 3 years and afterwards for 100 to 120 permanent jobs.

The station will be realized by the third quarter of 2017.

About Bee

Bee is a Belgian integrated energy company active in the development, financing, construction and operation of renewable energy projects and the supply of power and gas to industrial customers. The company is financed by mainly Belgian industrial family capital.

The strategic focus mainly lies on developing a (decentralized) production park and selling the produced energy (electricity and heat) to local businesses. Bee has a project portfolio of wind turbines, cogeneration units (gas turbines and engines) and the ‘Bee Power Gent’ biomass power station.

About Abengoa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.