Denmark invests in wood pellets

Apr. 13, 2012, Denmark – Dong Energy, Denmark's state-controlled
utility, will invest $500 million pounds, or $795 million to convert
coal and gas-fired plants to biomass.

In light of Denmark's recent announcement to become completely energy independent by 2050 (which can be viewed in more detail here), such an announcement comes as no surprise. What is new is that such a retro-fit aims to be completed within the next 3 years.

According to an article from Bloomberg, the plants will have a capacity of 1 gigawatt, with biomass sourced from the Baltics, Poland and Russia. But, with the demand from the three new plants, demand may exceed those sources, and therefore may import from North American suppliers.

"Dong has also set up a unit to build bio-refineries. New
Bio-Solutions is studying ways to turn agricultural residue and
waste such as straw into gas and bio-ethanol," said Thomas Dalsgaard, executive vice president and head of
generation for Dong. IN addition to the biomass plants, the biogas plant could be in operation by 2015 if the company decides next year to proceed.

For more information, please read the complete from Bloomberg.
.