Cleantech Capital Advisors is pleased to announce that its client Wood Energy Solutions (WES), a leading supplier of biomass heating systems and technologies, has established a 50:50 joint venture transaction with EcoMetis SA of Switzerland, through the establishment of WOODCO Energy SA. The JV brings together a diverse range of biomass heating technologies from both companies. In particular, WOODCO will specialise in products such as the EcoCabin pre-packaged plant room, external domestic biomass boilers, DairyPOD, microCHP biomass system and large-scale biomass CHP systems. WOODCO will market and distribute its products exclusively throughout mainland Europe and Northern Africa.
Irish Prime Minister Mr Enda Kenny was present at the official company formation event in Lyon France. WOODCO also signed distribution partnerships with Spanish and French companies at the meeting which was organised by Enterprise Ireland.
“This joint venture marks the beginning of the next phase of growth for WES. WES has already established itself as the leading supplier of biomass boilers for residential and commercial customers in the United Kingdom and Ireland. This deal delivers on our long-term strategy of internationalising the company” explained WES Joint Managing Director Ger Grosse.