Charwood Energy’s W&nergy Secures €1.92 Million via Crowdfunding

W&nergy, a subsidiary of Charwood Energy, successfully raised €1.92 million through its crowdfunding campaign on Enerfip. This financing marks a significant step in Charwood Energy's strategy to develop its own biomass renewable energy units. The company seeks to finance and operate facilities that convert local biomass into renewable syngas.

The campaign underscores Charwood's aim to decarbonize industrial sectors by offering locally-produced renewable gas solutions. The Verallia project in Cognac exemplifies this strategy, aiming to cover 20% of a glass furnace's energy needs while reducing CO₂ emissions by 6,000 tons annually.

This fundraising will support the expansion of W&nergy's model across French industries. The funds raised were through standard bonds with a 9% interest, reflecting strong investor interest in renewable projects.