EuroEnergy transfers Biogas plants to sister company Convergen Energy
24 Aug 2017
Convergen Energy, the Wisconsin-based renewable energy provider, has added four biogas facilities in Latvia to its collection of clean energy facilities. The assets, which are now owned and operated by Convergen, have been acquired from fellow Libra Group subsidiary, EuroEnergy. Their incorporation into the Convergen portfolio represents a consolidation of the Libra Group’s waste-to-energy interests into a single entity spanning North America and northern Europe.
The biogas plants are located in rural areas near Jelgava, Nica and Cesvaine in Latvia. Methane gas is produced in the facilities by the anaerobic digestion or fermentation of biodegradable materials, typically crops grown specifically for energy production and various types of organic by-product. The gas is utilized to generate electricity that is sold to the national grid.
Furthermore, residual heat from the Piejura Energy facility is purchased directly by a local industrial concern to provide process and ambient heat. Residual by-products are returned to the agricultural cycle as a fertilizer for soil enhancement at local farms. The whole process contributes to the Green Economy, as well as to the agricultural and industrial recycling industries.