Advising Solvay, Veolia and DIF Capital Partners on the financing of the energy transition project “Dombasle Énergie”
De Pardieu Brocas Maffei has advised the sponsors Solvay, Veolia and DIF Capital Partners on the setting up of a financing for the construction of an RDF cogeneration unit will drastically reduce CO2 emissions from Solvay’s Dombasle soda ash site located in Dombasle-sur-Meurthe.
The industrial energy transition project, “Dombasle Énergie”, aims to replace coal with refuse-derived fuel (RDF) for the production of clean and competitive energy for the historical Dombasle-sur-Meurthe plant. The project will ensure the plant’s competitiveness and reduce CO2 emissions by 50%.
The project will require an investment of 225 million euros financed by non-recourse bank financing, equity, energy saving certificates and subsidies from the Grand Est Region and ADEME. The use of CEE in the financing plan has contributed to the innovative financial structure of this project.
The project consists of replacing three coal-fired boilers with a boiler room equipped with two furnaces running on RDF, produced from waste that cannot be recycled, allowing to halve the carbon footprint of the industrial activity and stop importing 200,000 tons of coal annually. The Dombasle-sur-Meurthe site will have a cogeneration unit that uses 350,000 ton of RDF per year, supplied by Veolia as of 2024.
The new facility, to be built by Solvay and operated by Veolia, will have a capacity of 181 megawatts (MW) thermal power and 17.5 MW electrical power, which will be reused for the industrial process.
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