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Deal to develop wind and biogas power plants worldwide
1 September 2001
Germany's P&T Technology and biomass company Farmatic Biotech Energy, both publicly listed, are to co-operate in the development of sites suitable for both wind and biogas power plants around the world. The deal runs for two years, P&T reports. Joint development of wind and biogas brings benefits which include joint use of property, site access routes, grid connections and transformer stations, as well as sharing know-how and contacts, the developer says. Synergy effects can also be achieved in financing and securing sites through long term contracts, the company adds. An additional plus is the guarantee of continuous electricity supply in base load from the biogas plant and peak load from wind, says P&T. The company's Jens Peters says the two firms will mutually benefit from each other's different geographic focus. While P&T Technology has branches in Spain, Italy, Greece, Poland, Turkey, the Philippines, Korea and the US, Farmatic is also active in Portugal, Switzerland, England, Egypt and the Middle East. P&T Technology went public in November 2000, and Farmatic in April 2001.
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