Early 2018, we financed two cogeneration plants that allow more efficient and environmentally friendly energy production by using energies that are usually released into the environment.
Interview of Philippe Bricault, Head of the Bank Leasing Services International Business Line, specialising in services provided to the professional customers of the BNP Paribas banking network, followed by two concrete examples in France and Turkey:
“Cogeneration is the simultaneous generation of electricity and heat within the same facility. In most cases, this system operates with gas. The fuel is used to produce electrical energy for example and the heat produced by the generation of electricity is recovered and reused as thermal energy. It is a particularly powerful energy solution.
For two main reasons: firstly, by simultaneously producing heat and electricity, cogeneration systems can reduce CO2 emissions compared to a conventional system that produces both energies separately.
But also, the thermal energy produced by the electrical equipment is usually considered a waste and is released into the environment. With a cogenerator, this heat is no longer “lost” but is valued in thermal energy. This energy can be used to heat buildings or greenhouses for example.
Totally! Cogeneration can save saves on heating bills from 30% to 50%. They are very efficient installations. There is a double advantage for companies as they can make significant savings, while promoting the energy transition.”
Who? Textile Manufacturer, Günöz Tekstil, Turkey.
What system? Simultaneous production of electrical energy and thermal energy.
Customer benefit: The facility will cover 60% of the company’s electricity needs and will allow it to completely eliminate the use of coal in its energy production. Heating the water for textile dyeing will no longer consume electricity, but will be done through a byproduct of thermal energy. In the end, the company will see its energy costs reduced by 50%.
This cogeneration facility was an important investment, but one that was essential to the company: to enable us to act in favour of the energy transition while achieving significant energy savings. Thanks to the finance solutions offered by BNP Paribas Leasing Solutions, we have been able to set up such a system, declared a representant from Günöz Tekstil.
Who? a Belgian agri-food company for its establishment in France (Hauts de France region).
What system? Simultaneous production of electrical energy and thermal energy.
Customer benefit: The electrical energy can be either self-consumed or sold to distribution networks. The thermal energy, usually rejected, will supply the customer with heating and hot water, and will heat the 10 hectares of greenhouses. The CO2 released by the engine will help the photosynthesis of plants.
